On October 10, it was announced that Foothill Cardiology acquired a medical outpatient building (MOB) in Pasadena, California.
The two-story MOB consists of 20,100 square feet of office space. The building is positioned close to Huntington Hospital. Acuity Eye Group and Pasadena Advanced Surgery Institute occupy the offices. The price was approximately $562 per square foot.
Foothill Cardiology is a cardiology practice. According to its website, the practice is run by more than 20 physicians out of seven locations across California.
NAI Capital Commercial brokers John S. Archibald and Guillermo Olaiz completed the sale, representing the seller, while NAI Capital brokers Rene Soto and Tom Sexton represented Foothill Cardiology. Foothill Cardiology intends to fully occupy the building sometime in the future.
According to data captured in the LevinPro HC database, this marks the 146th MOB transaction since the start of the year. It is also the seventh MOB deal in California for 2024. Between January 1, 2023, and October 10, 2023, there were 169 MOB transactions reported.
