CBRE recently negotiated the sale of a 27,535 square foot medical office building (MOB) in San Clemente, California for approximately $12 million, representing a private seller in the transaction. A Southern California-based high-net individual purchased the property.
The two-story MOB, built in 2002, is situated on 1.66 acres. The building is 92% occupied, with seven medical tenants, including Children’s Hospital of Orange County and Camino Health Center. The price is $436 per square foot.
According to data captured in the LevinPro HC database, this transaction represents the 164th MOB transaction of 2023. This is just slightly slower than last year when there were 168 MOB deals reported between January 1, 2022, and October 6, 2022.
