FOR IMMEDIATE RELEASE
83,789 square-foot property represents key MarinHealth location that serves all of Marin County
LOS ANGELES – December 16, 2024 – Stockdale Capital Partners (“Stockdale”), a Los Angeles-based, vertically-integrated real estate investment firm, announced it has acquired The MarinHealth Medical Plaza (MHMP) located at 75 Rowland Way, an 83,789 square foot medical office building in the city of Novato in Marin County, California, for $32.8 million in a deal which closed on December 10, 2024.
Built in 1997 and renovated in 2017, MHMP is anchored by MarinHealth, which leases 72,888 square feet (90%) of the property. Adjacent to Sutter Health’s Novato Community Hospital, this property houses numerous clinical specialties, including primary care, OBGYN, imaging, laboratory, family medicine, cardiovascular, and dermatology.
“We’re excited about the opportunity to partner with MarinHealth in their outpatient efforts at the MarinHealth Medical Plaza. This property serves as a critical outpatient post to their main campus just a few miles west and Stockdale expects their clinical services to increase in scope and density in years to come,” said Andrew Saba, Managing Director – Healthcare at Stockdale Capital Partners. “MHMP is a great example of assets we’re targeting for our Healthcare Fund as we look to partner with great providers in markets with strong growth trends and solid payer mix profiles.”
MarinHealth Medical Plaza acts as a pivotal spoke for MarinHealth, serving both Southern Sonoma and Northern Marin counties, and capturing patient demand from Santa Rosa through San Rafael. 75 Rowland features a patient-friendly location along the 101 corridor in an area with a limited supply of medical office space and low vacancy rates. The Novato medical market is supported by major healthcare systems including Sutter Health, MarinHealth, Kaiser, UCSF, Common Spirit (formerly known as Dignity Health) and Stanford Health Care.
This purchase is Stockdale Capital Partners’ sixth acquisition of its recently-formed, U.S.-focused, open-ended Healthcare Real Estate Investment Fund.
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About Stockdale Capital Partners
Stockdale Capital Partners is a vertically-integrated real estate investment firm with a 30-year history of investing in commercial real estate across multiple asset classes throughout the Western U.S. The company is an owner-operator specializing in the redevelopment and repositioning of real estate assets with expertise in revitalizing urban
Contact: David Gershwin
david@davidgershwin.com
323.791.2319
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