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Ben Ochs Of Anchor Health Properties Acquires Medical Office Buildings From Rich Robbins For $24.1M

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SOLD
$24,100,000

California

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Medical Office27,300 SF
Sold 10/15/2025
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SOLD

Ben Ochs Of Anchor Health Properties Acquires Medical Office Buildings From Rich Robbins For $24.1M

18 Bon Air Road

See Similar Deals
Medical Office27,300 SF
Sold 10/15/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$882
Total Square Footage:27,300 SF
Transaction Type:Sale

The assets involved in this transaction are two medical office buildings located at 2 and 18 Bon Air Road in Larkspur. They were sold for $24.1 million with a total square footage of 27,300, resulting in a price per square foot of approximately $883. The properties are currently leased to MarinHealth.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $24,100,000
  • Square Footage: 27,300
  • Price Per Square Foot: $883
  • Buyer: Ben Ochs - Anchor Health Properties
  • Seller: Rich Robbins - Wareham Development Corporation
  • Broker: Caroline Reynolds - JLL

This transaction enables Wareham Development Corporation to reinvest the proceeds into its East Bay and Stanford Research Park campuses, highlighting the strategic financial planning underlying the sale.

Players

Caroline Reynolds
JLL
Caroline Reynolds
2 deals$141.1M volume(415) 395-4900
BROKER
JLL
JLL
BROKERAGE
Anchor Health Properties
Anchor Health Properties
BUYER
Anchor Health Properties
Anchor Health Properties
BUYER

Details

SOLD
IMAGE: Ben Ochs, Rich Robbins & Caroline Reynolds DATE: 10/15/2025 ADDRESS: 2 & 18 Bon Air Road MARKET: Larkspur ASSET TYPE: Medical Office BUYER: Ben Ochs - Anchor Health Properties SELLER: Rich Robbins - Wareham Development Corporation (@WarehamDevelopment) BROKER: Caroline Reynolds - JLL (@JLL) SALE PRICE: $24,100,000 SF: 27,300 ~ PPSF: $883 NOTE: Wareham Development sold two medical office buildings at 2 and 18 Bon Air Road in Larkspur to Anchor Health Properties for $24.1 million. The 27,300-square-foot, MarinHealth-leased properties traded for about $881 per square foot, with proceeds helping Wareham reinvest in its East Bay and Stanford Research Park campuses.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,285,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$85,622.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$114,246.30
Annual Debt Service$1,370,955.54