News Release: Just Closed – Newport Heights Medical Campus

Just Closed

Newport Heights Medical Campus

Newport Beach, CA

Sale Date: 8/5/2019

Property Size: 60,186 SF

Occupancy: 100%

CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Newport Heights Medical Campus (the “Property”), located in Newport Beach, California. Chris Bodnar, Lee Asher, Shane Seitz, Ryan Lindsley and Sabrina Solomiany partnered with Gary Stache, Anthony DeLorenzo and Bryan McKenney in the Southern California market to act as the seller’s exclusive advisors.

The trophy campus consists of two brand new, Class A medical buildings totaling 60,186 square feet. Building One, located at 20350 Birch Street, is 18,303 square feet, and Building Two, located at 20360 Birch Street, is 41,883 square feet.

Strategically positioned in one of the most affluent suburbs in Orange County, the Property is 100% leased to a wide array of high-profile doctors, specialized healthcare groups, and a multi-specialty surgery center. Anchoring the Property is University of California Irvine Health (“UC Irvine Health”), a highly accredited and prominent health system which has received awards and recognition on a national scale and currently occupies 100% of Building One, and over 30% of the overall campus. UC Irvine Health
(‘Aa2’ Moody’s | ‘AA-’ Standard & Poor’s) is owned and operated by The Regents of the University of California, a public university system in the State of California with 10 campuses and an estimated endowment of $14.571 billion (as of 2017).

For more information, or if we can help with your healthcare real estate holdings, please contact us.

www.cbre.us/cm-healthcare

LEE ASHER
Vice Chairman
Investment Properties
+1 404 504 5965

CHRIS BODNAR
Vice Chairman
Investment Properties
+1 303 628 1711

SHANE SEITZ
Senior Vice President
Debt & Structured Finance
+1 303 583 2033

RYAN LINDSLEY
Senior Director
Investment Properties
+1 303 628 1745

SABRINA SOLOMIANY
Senior Director
Investment Properties
+1 404 536 5054