The transaction demonstrates the continued strength of investor demand in these types of assets
Sacramento, Calif. 9/24/2026 – Colliers announced today the sale of a 41,694-square-foot medical office building at 1386 Lead Hill Boulevard. The property sold for $18.5 million, representing a more than 206% increase in value from its $6.04 million acquisition in 2021. Colliers’ Eric Ortiz, Curt Allen, Jordan Selbiger, and CJ Kodani represented the seller, MCR Companies, in the off-market sale to the buyer, JLL Income Property Trust. MCR Companies is a real estate investment and development company based in Phoenix with health care and related assets across the country.
The asset is strategically positioned within Roseville’s established medical corridor, near major healthcare providers including Kaiser Permanente and Sutter Health. Built in 1998 and recently renovated in 2024, the property offers a stable, specialized medical space that investors are searching for.
“The property was approximately 95% occupied at the time of sale,” said Eric Ortiz, Executive Vice President at Colliers. “Medical office properties continue to benefit from strong occupier demand, longer lease terms, and higher rental rates compared to traditional office assets. This off-market transaction demonstrates the strength of institutional and private investor interest in stabilized medical healthcare real estate in the top MSAs across the country.”
According to Colliers’ research, Sacramento healthcare employers generated more than 121,000 job postings from 2021 through Q1 2026, underscoring sustained demand for healthcare services and facilities throughout the region. Regional healthcare systems continue to invest heavily in new facilities and expansion projects, including major developments by Kaiser Permanente, Sutter Health, and UC Davis Health. These healthcare occupiers are a key factor in stabilizing the Sacramento office market, supporting continued investor interest in well-leased medical office assets.
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Northern California | U.S. West Regio
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