California medical office building sells for $5M

A 3,049-square-foot medical office building in Santa Monica, Calif., has sold for just under $5 million, according to a May 10 report from ConnectCRE.

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The property was sold by 520 Arizona Ave. and purchased by 528 Arizona Owner. 

The property was purchased as part of a land assemblage for the development of a mixed-use project, according to the report. 

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