Here are three recent medical office building purchases in the Los Angeles area that totaled $102 million:
1. La Salle Investment Management acquired a Beverly Hills, Calif., medical office building with ASC for $74.4 million. The five-story, 49,721-square-foot building includes a surgery center and full-service pharmacy.
2. Real estate company GPI purchased a 30,000-square-foot medical office building in Santa Monica, Calif., for $22.5 million. The property was sold by Burbank, Calif.-based real estate company Lexham Realty.
3. In early March, commercial real estate company Newmark sold a medical office building in Carson, Calif., for $5.1 million. The 8,409-square-foot facility is fully leased by Renton, Wash.-based Providence.
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.