On March 24, CBRE announced that it facilitated the sale of a Newport Beach, California medical outpatient building (MOB) for $5 million. The buyer was not disclosed.
Equity Enterprises LTD, a wealth management firm based in Wauwatosa, Washington, was the seller.
The MOB is currently 62% leased to four tenants. It is located across from Hoag Newport Beach, a 498-bed acute care hospital. The price was $560 per square foot.
CBRE’s Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Harry Su represented Equity Enterprises LTD.
According to data in the LevinPro HC database, this transaction represents the 46th MOB acquisition of 2025. Throughout 2024, there were 213 MOB transactions and 199 in 2023. Additionally, this marks the sixth transaction that CBRE advised on since the start of the year.
