NAI Capital Completes Medical Office Investment Sale in Los Alamitos, CA
Los Angeles, CA – July 18, 2019 – Vice President Steve Body, MA, MSF, MSTA and Associate Grant Bullen with NAI Capital’s Investment Services Group completed the sale of a 7,250 square foot medical office building in Los Alamitos, California. Steve and Grant represented the seller, Nautica LLC. The buyer was, ABG Property 1, LLC. The property sold for $5,500,000 or $759 per square foot.
The building is located at 10921 Cherry St. The 3-story medical office building is across the street from Los Alamitos Medical Center in a prime area for healthcare services. At the time of the sale, the property was 100% occupied by Los Alamitos Surgery Center and Ocean Plastic Surgery Center. With immediate access to the 605, 22, and 405 freeways the property is in a central location.
Steve said, “This was an excellent opportunity for an investor to purchase a high-quality asset in an exceptional location. We continue to see strong demand from investors to purchase well located medical assets.”
Grant added, “Investors see the long-term value and stability in medical office.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 375 Offices and 6,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #01990696.
To learn more, visit www.naicapital.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 6,000 local market professionals, managing in excess of 1.15 Billion square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
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