Compass Capital Investments Purchases 71,971 Square Foot Medical Office In San Diego For $18.25M

The transaction involved the sale of a medical office asset located at 11770 Bernardo Plaza Court in San Diego, featuring a total square footage of 71,971. It was sold for a price of $18,250,000, which translates to approximately $254 per square foot. The property includes two buildings and was remodeled in 2023, making it modern and appealing in its market. The location near Interstate 15 and Palomar Medical Center contributed to its attractiveness to the buyer.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $18,250,000
• Square Footage: 71,971
• Address: 11770 Bernardo Plaza Court
• Market: San Diego
• Price per Square Foot: $254
• Buyer: Compass Capital Investments
• Seller: Bernardo Court MOB LLC
• Brokers: Matt Pourcho, Anthony DeLorenzo & Chris Bodnar - CBRE

This transaction was facilitated by CBRE, with Matt Pourcho, Anthony DeLorenzo, and Chris Bodnar representing the seller, Bernardo Court MOB LLC. The asset was deemed attractive due to its potential for condo conversion and strong tenancy mix.