California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

New call-to-action
California  + Los Angeles  + Office  | 
CBRE Arranges Sale of Long Beach Medical Building, Will be Repurposed as Offices

Long Beach Medical Building Sells, Will be Repurposed

CBRE’s Bill Maher, Anthony DeLorenzo, Bryan Johnson and Gary Stache have arranged the $7 million sale of a Long Beach, CA facility to an undisclosed buyer. The property, located on West Wardlow Road, is a medical building with operating rooms that will be converted to office space for the buyer’s expanding business needs.

The 8.700-square-foot building is adjacent to I-405 connecting Long Beach to the rest of the region, and was originally constructed in 1964 with a remodel in 2017. 

“Freestanding, single-story building are ideal in today’s environment and are more desirable than ever since the onset of the pandemic,” said Maher, who represented the private seller. “Office properties with no elevators and no common corridors provide enhanced safety for employees and visitors alike.”

Connect

Inside The Story

CBRE's Bill MaherAnthony DeLorenzoBryan Johnson

About Mark Nieto

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.

Step 1: Select Education
  • ◦Sale/Acquisition
New call-to-action
Colliers-59-cube
NAIOP-11-cube
NewPoint-08-cube