After many years of 100% occupancy the property had 3 major tenants move out of the building in a short period of time. The Sellers agents, Brian Crepeau and Ken Robak with Pacific Coast Commercial, provided the Seller with the options of releasing the building or selling as an “Owner / User” or “Investment” opportunity. The result was 4 offers from Owner / Users with the winning offer at full asking from Family Health Care Centers of San Diego, Inc.
SALE DETAILS
Property Type: Medical Office Building
Square Footage: 25,916
Sale Price: $8,422,700
Seller Name: Magnolia Mar Properties, LPBuyer Name: Family Health Care Centers of San Diego, Inc.
Seller Representation:
Company Name: Pacific Coast Commercial
Broker Rep: Brian Crepeau & Ken Robak