Two units acquired separately by local doctors for combined $2.86 million
SAN DIEGO, Calif., – June 23, 2022 – Cushman & Wakefield announced the firm has brokered the sale of two medical office condo suites for a combined price of $2.86 million in Encinitas (San Diego), California. Originally a single unit, the suites are located adjacent to one another in a freestanding building at 700 Garden View Ct and were sold separately. Both suites were acquired by local doctors.
G&S Garden View, LLC acquired Suite #206 totaling 2,007 square feet for approximately $1.3 million and AIRA Enterprises, Inc. acquired Suite #208 totaling 2,385 square feet for $1.56 million.
Brooks Campbell and Peter Curry with Cushman & Wakefield’s Private Capital Group in San Diego represented the same seller, Grace Partners, LLC, in the transactions.
700 Garden View Ct is in close proximity to North Coast Health Center (the largest outpatient health center in coastal North County) and within a few miles from Scripps Hospital. The location is also close to Interstate 5 and numerous shopping, grocery, restaurants, banks, and other retail and service amenities.
Brooks Campbell said, “San Diego remains a highly desirable market for medical/healthcare use and these condo suites, which are near key healthcare centers, provided a great opportunity for these practitioners to position themselves in a strategic location while also owning their real estate. The flexibility of the seller to also recognize the opportunity in dividing the unit was also instrumental to these successful sales.”
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
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