Capital Markets | Healthcare & Life Sciences
Just Closed
Trophy Medical Office in Downtown LA
CBRE
Transaction Highlights
Date Closed: 3/31/2023
Size: 147,078 SF
Occupancy: 100%
3rd Street Medical Center | Los Angeles, CA
CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of 3rd Street Medical Center (the “Property”), located in Los Angeles, California. Lee Asher, Zack Holderman, Jordan Selbiger, Trent Jemmett, Cole Reethof and Josiah Gunter partnered with Angie Weber and Dana Nialis of CBRE’s Southern California market 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 submarket, 3rd Street Medical Center features prominent tenancy including Children’s Hospital Los Angeles, Providence Health & Services, and AltaMed Health Services Corporation. The Property boasts 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.
3rd Street Medical Center is strategically located within a medical corridor near downtown Los Angeles that includes 15 acute care hospitals representing over 5,200 patient beds within an eight-mile radius. The Property features tenants who were unaffected by the closure of the adjacent hospital but will also benefit from the eventual redevelopment of the hospital. Tenants like Altamed, who has continued to grow in the building over the last 5 years, have strategically chosen this location as a main hub for its proximity to a historically under-served population.
For more information, or if we can help with your healthcare real estate holdings, please contact us.
For more information, please contact:
Lee Asher
Vice Chairman
Investment Properties
+1 404 504 5965
Zack Holderman
Senior Vice President
Debt & Structured Finance
+1 858 337 9412
Jordan Selbiger
First Vice President
Investment Properties
+1 404 923 1259
Trent Jemmett
Senior Director
Investment Properties
+1 858 646 4740
Cole Reethof
Director
Investment Properties
+1 404 504 7864
Josiah Gunter
Associate Director
Investment Properties
+1 404 504 7936
Angie Weber
First Vice President
Southern California Healthcare Services
+1 818 502 6750
Dana Nialis
Vice President
Southern California Healthcare Services
+1 818 502 6774
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