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California  + Healthcare  | 

CBRE Closes Sale of Fully Leased MOB in Folsom

CBRE facilitated the $7.5-million sale of 1743 Creekside Dr., a 20,086-square-foot medical office building in Folsom. CBRE Investment Properties’ Matt Post, Sammy Cemo and Anthony DeLorenzo represented the seller, a private investor. The buyer was not disclosed.

“This attractive property is leased to an excellent set of tenants and situated in a high-end medical office park surrounded by other healthcare-related real estate and continuing care facilities,” said Post. “This made it an enticing purchase for the new owner, especially as Folsom continues to grow south of Highway 50 in the Folsom Ranch development area.”

The fully leased Class A healthcare property is located within the nine-building Willow Creek Medical Office Park, adjacent to Dignity Health Hospital. Tenants at the property include CGT Global, Folsom Orthopedic Surgery and Sports Medicine, and Hanger Prosthetics & Orthotics West.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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