JLL completes sale of 37,000 SF San Diego medical office building on the campus of the Scripps Mercy Hospital Chula Vista, CA

SOLD: 450 4^th Avenue, a nearly 37,000-square-foot
 medical outpatient building in Chula Vista, CA

 

SAN DIEGO, CA –  JLL Capital Markets has completed the sale of

450 4^th Ave., a nearly 37,000-square-foot medical outpatient building in Chula Vista, California. The price was not disclosed.

 

JLL’s Medical Properties Group represented the seller, Turner Impact Capital, and procured the buyer, Cypress West Partners in a joint venture with TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG.

Matt DiCesare

450 4^th Ave. is located on the campus of the 173-bed Scripps Mercy Hospital Chula Vista. The property serves the broader southern San Diego area and is conveniently located between the 5 and 805 Freeways.

 

Renovated in 2015, the four-story property is currently leased to 12 tenants, including anchor tenant Scripps Health.

 

JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Director Matt DiCesare and Senior Managing Director Evan Kovac.

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

Evan Kovac

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources, please visit JLL’s newsroom. 

 

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.   

 

 

 

CONTACT:

Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com