CBRE Sells 27,535-SF Medical Office Building In San Clemente For $12M

A medical office building located at 1300 Avenida Vista Hermosa in San Clemente has been sold for approximately $12 million. The property spans across 1.66 acres and offers a total of 27,535 square feet of space. The Class A building is currently 92% occupied and features medical tenants such as Children's Hospital of Orange County and Camino Health Center.

Summary of Transaction Details:

• Property Type: Medical Office
• Sale Price: $12,000,000
• Square Footage: 27,535
• Price per Square Foot: $436
• Address: 1300 Avenida Vista Hermosa
• Market: San Clemente

This transaction was facilitated by CBRE, with brokers Gary Stache, Anthony DeLorenzo, Sammy Cemo, Bryan Johnson, and Nick Williams representing the deal. The buyer, a high-net-worth individual, acquired the property at a 6.93% cap rate. The sale was successfully completed, thanks to the combined efforts of the brokers involved.