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| Evan Kovac |
SAN DIEGO, CA –– HFF announces the $16.285 million
sale of eight fully leased condominium units totaling 40,027 square feet within
a Class A medical office building in Rancho Mirage, California.
The
HFF team marketed the units on behalf of five separate sellers.
Milwaukee-based Hammes Partners purchased the assets in an off-market,
sale-leaseback transaction.
Completed in 2008, the majority of the units in the one-story
property are leased to Eisenhower Health (Moody’s: Baa2).
The property is
located at 72780 Country Club Drive at the “main and main” intersection of
Country Club Drive and Monterey Avenue in Rancho Mirage, a high barrier-to-entry
market with robust demographics.
The property is less than two miles from the
463-bed Eisenhower Medical Center, the dominant hospital in the area. As
part of the transaction, the sellers signed long-term triple-net leases.
 |
| Andrew Milne |
“The new owner has the opportunity to build a long-term
relationship with Eisenhower Health and expand their footprint within Southern
California,” Kovac said. “The condominium units represented the unique
opportunity to acquire an institutional-quality core medical office within an
excellent market.”
Holliday GP Corp. ("HFF") is a real estate broker
licensed with the California Department of Real Estate, License Number
01385740.
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| Trent Jemmett |
Hammes Partners is complemented by a suite of services offered by its affiliates, including Hammes Company Healthcare, a nationally recognized healthcare industry leader since 1993. The company is headquartered in Milwaukee, Wisconsin.
For more information, please contact:
KIMBERLY STEELE
HFF Digital
Content/Public Relations Specialist
(713) 852-3420
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