LOS ANGELES, CA– Colliers International, the second largest real estate services organization globally, has completed the sale of a 7,400-square-foot medical office building at 5932 Rugby Ave. in Huntington Park, Calif., to a private investor for $3,725,000.Constructed in 2009, the state-of-the-art, built-to-suit medical office building is leased for 12 years to DaVita, Inc. (NYSE: DVA), a Fortune 500 company providing dialysis services in North America.
“There continues to be high demand for newly constructed, infill real estate investments with credit tenants on lease terms of 10 years or more. "We received multiple offers for this highly-specialized medical office building due to its infill location, the credit of the tenant and term of the lease,” said Scott Heaton (top right photo), senior vice president in Colliers’ Downtown Los Angeles office.
Heaton, along with Patrick Barnes, (lower right photo) associate vice president in Colliers’ Downtown Los Angeles office, represented the both the buyer and the seller, GRAE Ventures, a West Los Angeles-based commercial real estate development company that focuses on single and multiple credit-tenant projects.
Contact: Megan Morales, Marketing & PR Coordinator,Dir +1 949 724 5537, Mob +1 714 273 2472, Main +1 949 474 0707, Fax +1 949 724 5600, megan.morales@colliers.com
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