CBRE announced that it acted as an advisor for two medical outpatient building (MOB) transactions.
On October 21, CBRE reported that it advised on the sale of Creek Medical Buildings, a three-story MOB based in Irvine, California. The price is $16.25 million. Built in 1986, the MOB is fully occupied and comprises 43,374 square feet. The tenants were not disclosed.
CBRE National Office Partners’ Anthony DeLorenzo, along with Sammy Cemo, Bryan Johnson and Harry Su of Private Capital Partners, represented the seller in the transaction. The $16.25 million purchase price represents a 5.9% cap rate. The price is roughly $375 per-square-foot.
The company also reported the sale of a Riverside, California MOB that comprises 4,983 square feet. The MOB is fully occupied by SimonMed Imaging, which recently exercised a 5-year renewal option at this location, where it has resided since 1987.
While the acquirer was not disclosed, the Levin team was able to confirm that the buyer is a private investor and is locally based. The price was not disclosed.
According to data in the LevinPro HC database, there have been 176 MOB transactions announced since the start of the year. So far, MOBs account for more than 10% of the 1,695 healthcare transactions that have been reported in 2025. Throughout all of 2024, 213 MOB transactions were announced and 199 were reported in 2023. There have also been 10 MOB acquisitions in California throughout the year.
