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News Release: Just Closed – 3rd Street Medical Center

JUST CLOSED

3RD STREET MEDICAL CENTER

Los Angeles, CA

Sale Date: 8/22/2019

Property Size: 147,078 SF

Occupancy: 90%

CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the 3rd Street Medical Center (the “Property”), located in Los Angeles, California. Chris Bodnar, Lee Asher, Ryan Lindsley, Sabrina Solomiany and Shane Seitz partnered with Angie Weber and Dana Nialis of CBRE Southern California Healthcare Services along with Todd Tydlaska and Sean Sullivan of CBRE Southern California Institutional Properties to act as the seller’s exclusive advisors.

The Property totals 147,078 rentable square feet and is a five-story, class A multi-tenant medical office building centrally located in downtown Los Angeles. Regarded as one of the highest quality medical office buildings in the downtown LA area, the property features prominent tenancy including UCLA, Children’s Hospital Los Angeles, Providence Health & Services, and AltaMed Health Services Corporation. The property features modern, sweeping curvilinear construction with abundant glass and window lines, high ceilings with rare 14-15’ slab-to-slab floor heights, balconies, and sweeping views of the downtown Los Angeles skyline.

The Property is strategically located adjacent to St. Vincent Medical Center within a medical corridor near downtown Los Angeles that also includes six acute care hospitals representing nearly 2,500 patient beds within an eight-mile radius.

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

www.cbre.us/cm-healthcare

CHRIS BODNAR
Vice Chairman
Investment Properties
+1 303 628 1711

LEE ASHER
Vice Chairman
Investment Properties
+1 404 504 5965

RYAN LINDSLEY
Senior Director
Investment Properties
+1 303 628 1745

SABRINA SOLOMIANY
Senior Director
Investment Properties
+1 404 536 5054

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

Related news:

News Release: Healthcare Trust of America, Inc. Announces $200 Million in New Developments and Acquisitions

News Release: Stockdale Capital Partners Completes Sale of Iconic Medical Office Building in Downtown Los Angeles

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