Anchor Health Snags San Diego MOB in Off-Market Deal
Healthcare real estate company Anchor Health Properties has completed the purchase of 963 Lane Avenue, a 9,500-square-foot, Class-A outpatient facility in the Chula Vista, CA submarket of San Diego. The firm acquired the asset through its equity fund, Chestnut Healthcare Fund II.
Adjacent to an existing Anchor owned and managed facility, 963 Lane is leased to Sanderling Renal Services, a specialty care dialysis network. The single story property features high-quality finishes, a modern exterior design, and enjoys close proximity to Sharp Chula Vista Medical Center and Scripps Mercy Hospital.
“As we continue to seek out strategic, Class-A medical office assets, the location and economics of this off-market transaction made sense,” said Anchor CIO James Schmid. “This acquisition involved a prime, outpatient facility supported by an outstanding provider group that dominates the regional market in a key specialty healthcare service.”
Synovus Bank provided debt financing for the project and Anchor will provide property and asset management.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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