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Anchor Solidifies Position with Pair of Off-Market MOB Deals
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Charlottesville, VA-based Anchor Health Properties acquired two medical office properties in San Diego for an undisclosed amount. The additions qualify Anchor as the largest non-health system owner of medical office buildings in the San Diego metro area.
Anchor acquired Chancellor Park Medical Campus, located off I-5 and I-805, in San Diego’s UTC submarket. The 206,000-square-foot, two-building investment resides adjacent to the UCSD Jacobs Medical Center Hospital and Scripps Memorial Hospital La Jolla campuses.
The 95%-occupied buildings are anchored by UCSD Healthcare, which currently leases roughly 50% of the buildings. The buildings form the largest outpatient medical campus in UTC, and one of the larger outpatient medical campuses in Southern California.
Anchor also acquired 625 West Citracado Parkway, located off I-15 between the Escondido and Rancho Bernardo submarkets of San Diego. The 49,000-square-foot, fully occupied clinical outpatient project is anchored by Rady Children’s Hospital.
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