CBRE’s U.S. Healthcare Capital Markets Group is pleased to exclusively offer the opportunity to acquire Project SunPeak (the Portfolio or alternatively, the Properties). This 541,047-square-foot collection of institutional-grade medical outpatient buildings maintains a robust 92% occupancy rate, average annual rent escalations of 2.90%, and a weighted average lease term (WALT) of 4.4 years. The rent roll is anchored by premier health system providers, with 53% of the tenancy comprised of market-leading institutions including UC Davis Health, Sutter Health, UCLA Health, Palomar Health, Loma Linda University Health, Baylor Scott & White Health, CommonSpirit Health, HCA, Rady Children’s Health, and McKesson.
Geographically, the Portfolio is strategically positioned across four states and some of the most dynamic healthcare real estate markets in the country, with 96% of the NOI located within the top 25 largest MSAs, including the Sacramento, San Diego, Los Angeles, Riverside, Tampa, Dallas, and Houston markets. This collection of high-growth Sun Belt and West Coast markets provides meaningful geographic diversification and demographic tailwinds, as aging populations drive rising demand for outpatient healthcare services.
The Portfolio features high-acuity uses — ambulatory surgery centers, cancer care, advanced imaging, GI, neuroscience, cardiology, and dialysis — with 69% of assets positioned directly on or adjacent to hospital campuses. This proximity to acute-care facilities and established referral networks supports durable, long-term occupancy. Additionally, the Portfolio has undergone $2.5 million in recent capital improvements.
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