CBRE facilitated the sale of Imperial Medical Plaza, a 26,596-square-foot medical outpatient building located at 15651 Imperial Hwy., La Mirada, to a private Los Angeles-based investor. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Chris Manassero of CBRE’s Healthcare Private Capital Group to advise the seller, Ethan Christopher LLC. The sale price was not disclosed.
Imperial Medical Plaza is located approximately 20 miles southeast of Los Angeles. The two-story, multi-tenant MOB is currently 91% leased with a weighted average lease term of four years and is primarily occupied by physicians and dentists. It benefits from its proximity to local medical providers and facilities.
“This transaction reflects private investors’ appetite for stabilized healthcare assets with long-term upside,” said Manassero. “Private capital continues to be a dominant force in the medical outpatient sector, targeting well-located properties with strong fundamentals like the Imperial Medical Plaza.”
The post CBRE Closes Sale of La Mirada MOB to Local Investor appeared first on Connect CRE.