CBRE Arranges $7.5M Sale Of Medical Office Building In Folsom California

The property asset involved in this transaction is a fully leased medical office building located at 1743 Creekside Drive in Folsom, CA. The asset comprises 20,086 square feet and was sold for $7,500,000, which translates to a price per square foot of $373. This Class A property is situated in the Willow Creek Medical Office Park, in proximity to Dignity Health Hospital, and is currently home to tenants such as CGT Global and Folsom Orthopedic Surgery.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $7,500,000
• Square Footage: 20,086
• Address: 1743 Creekside Drive
• Market: Folsom
• Price per Square Foot: $373
• Brokers: Anthony DeLorenzo, Matt Post & Sammy Cemo - CBRE

The transaction was facilitated by CBRE, which played a key role in arranging the sale of the medical office building. The brokers involved in this deal were Anthony DeLorenzo, Matt Post, and Sammy Cemo, representing the interests of the seller in this transaction.