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California  + San Diego  + Net Lease  | 

Partnership Monetizes Escondido MOB

Marcus & Millichap closed the sale of North County Oral & Facial Surgery Center, an 11,400-square-foot single-tenant net-leased medical/surgery office located at 839 E. Grand Ave. in Escondido. The asset sold for $6,150,000.

“The property was held in a partnership, and they wanted to monetize and invest separately,” said Ryan Gonzales, first VP investments in Marcus & Millichap’s San Diego Del Mar office. “The property was widely marketed and drew several offers. The buyers plan to occupy the building and use it as the flagship location of their advanced dental and maxiofacial surgery center.”

Gonzales marketed the property on behalf of the seller, NCOFSC, LLC. The buyer, 839 E Grand, LLC, was also procured by Gonzales. Conor Brennan, SVP investments in the San Diego Downtown office, introduced the seller and provided transaction support.

The JCAHO-compliant ambulatory surgery center is the largest private surgery center in North San Diego County, according to Marcus & Millichap.

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Marcus & Millichap's Gonzales

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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