JUST CLOSED: VALLEY MEDICAL PLAZA PORTFOLIO
Valley Medical Plaza Portfolio in Van Nuys, Calif. (Photo courtesy of CBRE)
The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Valley Medical Plaza Portfolio in Van Nuys, California.
| Sale Date: | September 19, 2017 |
| Portfolio Size: | 102,787 SF |
| Occupancy: | 98.7% (Valley Medical Plaza I) 96.9% (Valley Medical Plaza II) |
The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of Valley Medical Plaza Portfolio (the “Portfolio”). Chris Bodnar and Lee Asher of the CBRE U.S. Healthcare Capital Markets Group acted as the Seller’s exclusive advisors.
The Portfolio consists of two adjacent medical office buildings totaling 102,787 rentable square feet. Valley Medical Plaza I, a 50,199 rentable square foot medical office building, is 98.7% leased, including 36% to HealthCare Partners, a division of DaVita Inc. (NYSE: DVA). Other notable tenants in the building include San Fernando Valley Community Mental Health Center, Inc.; Algos Inc.; and Smile Wide Enterprises. Valley Medical Plaza II consists of 52,588 rentable square feet and is 96.9% leased to a diverse tenant mix such as Unilab Corporation, a wholly owned subsidiary of Quest Diagnostics (NYSE: DGX, S&P ‘BBB+’, Fitch ‘BBB’); California Back & Pain Specialists; and Northeast Valley Health Corporation, one of the region’s largest community health centers.
For more information on this sale, or if we can help with your healthcare real estate holdings, please contact us.
CONTACT US
| U.S. HEALTHCARE CAPITAL MARKETS GROUP | ||
| CHRIS BODNAR Executive Vice President Investment Properties +1 303 628 1711 chris.bodnar@cbre.com |
LEE ASHER Executive Vice President Investment Properties +1 404 504 5965 lee.asher@cbre.com |
GREG GREENE Senior Vice President Debt & Structured Finance +1 214 979 5617 greg.greene@cbre.com |
| RYAN LINDSLEY Senior Director Investment Properties +1 303 628 1745 ryan.lindsley@cbre.com |
SABRINA SOLOMIANY Director Investment Properties +1 405 536 5054 sabrina.solomiany@cbre.com |
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