Hot Property: San Diego MOB hits the market

The 82,024 square foot Fletcher Parkway Medical Center, which is adjacent to Sharp Grossmont Hospital outside of San Diego, was recently put on the market. Photo courtesy of HFF

Located next Sharp Grossmont, facility provides stability and value-add upside

Name: Fletcher Parkway Medical Center
Location: La Mesa, Calif.
Year built: 1985
Square feet: 82,024
Occupancy: 83 percent
Land size: 5.97 acres
Parking spaces: 457
Seller: The Abbey Co.
Brokerage: HFF
Brokers: Evan Kovac, Trent Jemmett and Andrew Milne

The area near Sharp Grossmont Hospital in La Mesa, Calif., just outside of San Diego, is considered a high-barrier-to-entry market for medical office building (MOB) developers and/or owners.

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