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Lionstone Investments Acquires 146,510 SF Medical Office In Newport Beach For $125M

Property Image
SOLD
$125,000,000
Trent Jemmett
Niema Beglari
Monica Enes
+ 8

California

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146,510 SF
Sold 02/03/2022
the dealplayerscompscontact
Property Image
SOLD

Lionstone Investments Acquires 146,510 SF Medical Office In Newport Beach For $125M

351 Hospital Road, Newport Beach, California 92663, United States

See Similar Deals
146,510 SF
Sold 02/03/2022
Trent Jemmett
Niema Beglari
Monica Enes
+ 8
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Price Per Square Foot:$853
Total Square Footage:146,510 SF
Transaction Type:Sale

The medical office property located at 351 & 361 Hospital Road in Newport Beach has been sold. The property spans across 7 acres and is situated in the Newport Beach market. The transaction took place on February 3, 2022.

Summary of transation details

  • Property Type: Medical Office
  • Transaction Amount: $125,000,000
  • Address: 351 & 361 Hospital Road, Newport Beach
  • Square Footage: 146,510
  • Price per Square Foot: $853

The buyer of the property is Lionstone Investments, while the seller is Newport Lido Medical. The deal was facilitated by the brokers Andrew Milne, Evan Kovac, John Chun, Niema Beglari, Matt DiCesare, Chad Prescher, Trent Jemmett, Blake Bokosky, Mark DeGiorgio, Monica Enes, and Kellie Hill of JLL.

Players

Blake Bokosky
JLL
Blake Bokosky
7 deals$645.8M volume
BROKER
John Chun
JLL
John Chun
20 deals$1.1B volume
BROKER
Andrew Milne
JLL
Andrew Milne
4 deals$784.5M volume
BROKER
Evan Kovac
JLL
Evan Kovac
6 deals$759.9M volume
BROKER
Niema Beglari
JLL
Niema Beglari
1 deal$125M volume
BROKER
Chad Prescher
Newmark
Chad Prescher
2 deals$137.5M volume
BROKER
Trent Jemmett
CBRE
Trent Jemmett
6 deals$900M volume
BROKER
Mark DeGiorgio
Institutional Property Advisors
Mark DeGiorgio
12 deals$626M volume(424) 405-3860
BROKER
Monica Enes
JLL
Monica Enes
2 deals$125M volume
BROKER
Kellie Hill
JLL
Kellie Hill
1 deal$125M volume
BROKER
Matt DiCesare
JLL
Matt DiCesare
9 deals$343.7M volume(310) 407-2149
BROKER
LI
Lionstone Investments
BUYER

Details

SOLD
IMAGE: Andrew Milne, Evan Kovac, John Chun, Niema Beglari, Matt DiCesare, Chad Prescher, Trent Jemmett, Blake Bokosky, Mark DeGiorgio, Monica Enes & Kellie Hill DATE: 02/03/2022 ADDRESS: 351 & 361 Hospital Road MARKET: Newport Beach ASSET TYPE: Medical Office ~ ACRES: 7 BUYER: Lionstone Investments SELLER: Newport Lido Medical BROKERS: Andrew Milne, Evan Kovac, John Chun, Niema Beglari, Matt DiCesare, Chad Prescher, Trent Jemmett, Blake Bokosky, Mark DeGiorgio, Monica Enes & Kellie Hill - JLL SALE PRICE: $125,000,000 SF: 146,510 ~ PPSF: $853

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