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Saturday, Sep 7, 2024

2024 Commercial Real Estate Awards: Medical Sale of the Year

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VITAL STATISTICS
27027 TOURNEY ROAD
27027 Tourney Road, Valencia
Deal Value: $67M

Sean Sullivan, Todd Tydlaska, Michael Longo, Craig Peters and Richard Ramirez of CBRE facilitated the $67 million sale of a prominent medical building to Kaiser Foundation Health Plan, a non-profit entity associated with Kaiser Permanente, one of the largest medical employers in California.

Leveraging its extensive industry connections and comprehensive knowledge of the current office market, the CBRE team successfully found a suitable buyer for the building, which was due to become vacant within the year. Despite the challenges presented by the current office real estate landscape, the CBRE brokers skillfully negotiated a favorable rate for their client, while the non-profit buyer stands to benefit from a valuable investment in property ownership.


VITAL STATISTICS

145 Park Lane, Moorpark
Deal Value: $3.5M

Situated in a prime Moorpark location, this property is an approximately 15,463 square foot high-image multi-tenant medical building that is situated on an approximately 40,772 square foot commercial parcel built in 2007.

The property features a modern architectural design, an impressive lobby and common areas, elevator served, and multiple medical suites with various configurations. The Buyer, an owner-user, will be expanding its operation and will occupy a portion of the building and lease the balance to other users.


VITAL STATISTICS

27335 Tourney Road, Units A-1, B-1, H-1, J-1, & K-1, Santa Clarita
Deal Value: $3.4m

The four contiguous medical condominiums are located on the ground floor of Tourney Place/Building 6, which is a class-A, three-story medical office with state-of-the-art construction totaling approximately 6,850 square feet.

The complex boasts an elegant lobby, high ceilings, and wrap-around windows that offer beautiful views. The buyer needed additional space to expand its practice. After looking at different options, the buyer decided this site was perfect for expansion purposes and is conveniently located across the street from the current office.

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