California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
San Diego MOB Sells for $37M
Torrey Hills Medical Plaza, a 47,596-square-foot, Class A medical office building and attached parking garage in San Diego, traded hands for $37.35 million. The seller was Austin, TX-based Virtus Real Estate Capital and San Diego-based Coast Income Properties, while the buyer was an undisclosed a publicly traded REIT.
The asset is located on a 2.59-acre site at 4765 Carmel Mountain Rd. The property is in the highly affluent Carmel Valley submarket near UCSD’s 364-bed Jacobs Medical Center, Scripps Research Institute, Scripps Memorial Hospital, The Salk Institute San Diego and Scripps Green Hospital. Completed in 2005, the two-story building is 91% leased and anchored by Fresenius Medical Care.
The JLL Healthcare Capital Markets team representing the seller was led by Andrew Milne, Evan Kovac and Trent Jemmett, as well as JLL’s San Diego Healthcare Markets team led by Paul Braun, Chris Ross, and Kelly Moriarty.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


