The outpatient facility was sold to a private investor. The 47,700-square-foot facility is 90% occupied by more than 30 tenants.
About 45% of the office is occupied by dentists, and several tenants have occupied their respective spaces for more than 20 years.
In the Los Angeles area, medical outpatient building sales surpassed $351 million between the third quarter of 2023 and the second quarter of 2024. However, transactions fell 16.2% year over year for that same period, the report said.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
