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Investment Activity on the Rise in SoCal Medical Office Market

Writer's picture: Commercial Brokers InternationalCommercial Brokers International


During the recent market turbulence resulting from the pandemic, medical offices have been one of the highest performing asset groups. Specialists in the healthcare commercial real estate sector in Southern California say the rebound is picking up steam. Investments in healthcare property, which suffered a setback owing to the pandemic, appear to be on the road to recovery.


There are several medical offices that have been sold around the Los Angeles and California area. These deals have shown us that the medical office market in Southern California has a great deal of potential indeed.


The first example is the sale of a medical office complex within Newport Beach. This facility is one of the most well-known medical office buildings in the area. According to JLL, the 146,510-square-foot, two-building medical center facility was marketed on account of an unnamed seller. The property was purchased in an all-cash deal by Lionstone Investments. The Newport Lido Medical Center is located at 351 and 361 Hospital Road. it is valued higher than many other medical clinics due to its ideal location, experienced staff, and exceptional demographics in Newport Beach.


More investments include the North Hollywood Medical Complex building, 4343 Lankershim. Blvd, at North Hollywood, California. It is a 32,418-square-foot healthcare office block. GPI Companies was represented by JLL as the seller, while Principal Real Estate Investors bought the property in an off-market deal. A prominent regionally run medical center has fully leased the medical office facility. The facility provides pain management and digestive illness treatment. The site is conveniently located between the Routes 170 and 101 intersections, allowing easy access to Greater Los Angeles. Inside a five-mile range, approximately 634,000 people live in the area, with median property values up to one million dollars.


Another investment was made for a San Diego medical office, and JLL Capital Markets showed Coast Income Properties and Virtus Real Estate Capital for the deal. The transaction was made at $37.35 Million. Torrey Hills Healthcare Plaza is situated at Carmel Mountain Road 4765, on a 2.59-acre plot with a two-level parking structure. The building is located in the upscale Carmel Valley neighborhood within minutes of UCSD's Jacobs Medical Center, Scripps Memorial Hospital, and Scripps Green Hospital. Furthermore, the 5 and 805 Freeways and the US Route 56 are all reachable from this location, enabling access to all sections of San Diego.


Medical facilities have seen an upscale after the pandemic, and investors are consistently on the lookout to purchase more and more properties to convert them into healthcare spaces. It is worth investing in commercial real estate and converting them into pristine medical offices for a faster sale. The investment can be costly, but the return will be worth it, so if you are interested in buying a commercial property and transforming it, get in touch with us today.


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