$156M paid for 2 California medical office properties

Two California medical office properties were sold by real estate firm Stockdale Capital Partners for $156 million, the Los Angeles Business Journal reported May 23.

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The properties are in Beverly Hills and Santa Monica, Calif. Their total square footage is about 107,000 square feet combined.

The Beverly Hills property is a three-story medical office building. It is leased to Los Angeles-based Cedars-Sinai Health System and operates an oncology clinical and outpatient treatment center and surgery center.

The Santa Monica medical office is mostly leased to Los Angeles-based UCLA Health and also functions as a research building.

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