Providence Health System Acquires Mission Hills Development Site For $2.85M

A development site in Mission Hills, located at 15001 Mission Hills Road, has been sold for $2.85 million. The property spans 89,735 square feet and has a price per buildable square foot (PPBSF) of $31.76. The transaction took place on December 4, 2018.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2.85 million
• Address: 15001 Mission Hills Road
• Market: Mission Hills
• BSF: 89,735
• PPBSF: $31.76

The buyer of the development site is Providence Health System-Southern California, while the seller is The TD a& CP Germann Trust. The transaction was facilitated by Corey Spound and David Kaufman from Tamarack Commercial, who represented both the buyer and seller in the deal.

Note: Tamarack RE Services represented both the buyer and seller.