CBRE U.S. Healthcare Capital Markets announced on September 10 that an undisclosed buyer acquired a medical outpatient building (MOB) in La Mirada, California. The seller, Ethan Christopher LLC, is a real estate company based out of the United States.
Imperial Medical Plaza, the 26,596-square-foot MOB, is located approximately twenty miles southeast of Los Angeles. The MOB is currently 91% leased with a weighted average lease term of four years and is primarily occupied by physicians and dentists.
Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Chris Manassero of CBRE’s Healthcare Private Capital Group to act as the exclusive advisors to the seller. Terms were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 149th MOB deal of the year. So far, MOBs account for slightly more than 10% of the 1,462 healthcare transactions that have been reported in 2025. There were 213 MOB transactions announced in 2024, and 199 announced in 2023. This deal also marks the seventh MOB to be purchased in California since the start of the year. In 2024, 13 MOBs transactions in California were reported.
