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California  + San Diego  + Office  | 

MOB Benefits from Strategic Location Near Scripps Mercy Hospital

Since completion in 1993, 4th & Lewis has been fully leased to Regents University of California – San Diego Health on an absolute triple-net lease. A publicly traded healthcare REIT recently purchased the 22,461-square-foot four-story medical office building in San Diego for $17.15 million.

4th & Lewis is located at 330 Lewis St. in the heart of the Hillcrest submarket and includes an 89-stall subterranean parking garage. The medical office building benefits from its strategic location bordering the campus of the 482-bed Scripps Mercy Hospital, a few blocks from the 390-bed UCSD Medical Center. Both are underway with multibillion-dollar redevelopments. Additionally, the asset is near SR-163, providing regional connectivity to the 8, 5, 805 and 15 freeways.

JLL marketed the property on behalf of the seller, Coast Income Properties. JLL’s healthcare capital markets team was led by Evan Kovac, Andrew Milne and Trent Jemmett as well as JLL’s San Diego healthcare team led by Paul Braun and Kelly Moriarty.

For comments, questions or concerns, please contact Lisa Brown

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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
  • ◦Lease
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