Med Plaza Provides Anchor and Carlyle a Third-Party Investment Opp

Vista Medical Plaza recently sold for $26.75 million to a partnership between Anchor Health Properties and Carlyle. The multi-tenant medical office building totaling 54,703 square feet is in the North County city of Vista.

Vista Medical Plaza is located at 2067 W. Vista Way, adjacent to the 320-bed Tri-City Medical Center in a medical node that is heavily concentrated with healthcare tenants. In 2016, Vista Medical Plaza underwent major renovations and building improvements to bring the building up to class-A standards. The 87.6 percent-leased facility is home to a mix of national investment-grade tenants, and local and regional practices.

JLL represented the seller, AmeriCare Health & Retirement Inc., and procured the buyer. The JLL team representing the seller was led by Evan Kovac, Andrew Milne, Trent Jemmett and Niema Beglari.

“We continue to see strong demand for healthcare properties due to a lack of supply in the market coupled with an overflow of equity that has been allocated to healthcare from traditional asset classes,” said Kovac. “Vista Medical Plaza provided Anchor and Carlyle the opportunity to invest in the highest quality third-party owned medical office building on-or-adjacent to the Tri-City campus.”