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CBRE Arranges $19.5M Sale of San Jose Medical Office
El Camino Health has purchased 625 Lincoln Avenue, a 35,000-square-foot medical office building in San Jose, CA. CBRE’s Scott Prosser, Joe Moriarty, Jack DePuy, Mike Taquino, Kyle Kovac and Alec Haley represented the seller, The Sobrato Organization in the $19.5 million transaction.
“The property benefits from its central San Jose location with its proximity to newly developed residential, renovated retail centers and public transit. With no near-term new construction, the shortage of medical office space in this area will continue to place upward pressure on rental rates and continued increase on medical office building values,” said Prosser in a news release.
El Camino Health uses the medical office building for urgent and primary care, and is one of 13 locations across Santa Clara County.
Photo Courtesy of Vantage Point Photography
- ◦Sale/Acquisition
