The U.S. CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Wilbur Medical Plaza in Tarzana, California.
Sale Summary
The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Wilbur Medical Plaza in Tarzana, California. Chris Bodnar and Lee Asher of the U.S. Healthcare Capital Markets Group teamed with Matt Heyn and Troy Pollet in the Los Angeles market as the Seller’s exclusive advisor.
The three-story, 52,889-square foot facility was renovated in 2012-2013 and offers a variety of premier medical services in the San Fernando Valley. Located in the submarket of Tarzana, the Wilbur Medical Plaza is near the Tarzana Medical Center, a member of Providence Health, the third largest not-for-profit health system in the United States.
The building is anchored by the Avanguard Surgery Center, a first-class outpatient facility led by physicians specializing in ear, nose & throat (ENT) surgery, gastroenterology surgery, neurosurgery, OB/GYN surgery, orthopedic surgery, pain management, plastic & reconstructive surgery, podiatric surgery, urological surgery, spine surgery, and excellence in outpatient healthcare. The 19 surgeons that make up Avanguard are some of the best surgeons in their respected fields.
For more information on this sale, or if we can help with your healthcare real estate holdings, please contact us:
Healthcare Capital Markets Group
Sale Highlights
- Purchase Price: $18,850,000
- Price Per SF: $356
- Sale Date: June 8, 2015
- Building Size: 52,889 SF
- Year Built: 1986, Renovated 2012-2013
- Occupancy: 82.46%
Contact Information
U.S. Healthcare Capital Markets Group
Chris Bodnar
Executive Vice President
+1 303 628 1711
chris.bodnar@cbre.com
Lee Asher
Senior Vice President
+1 404 504 5965
lee.asher@cbre.com
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
