Archer Property Partners Acquires 18 Condominium Units At Solara Medical Center For $4.45M

Archer Property Partners completed the acquisition of a medical office asset at 2095 West Vista Way, located in Vista, California. The transaction involved 18 of 21 condominium units, totaling 28,035 square feet, for a sale price of $4,450,000. The asset is situated within a 33,772-square-foot medical office complex.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $4,450,000
• Total Units: 18
• Price Per Unit: $247,222
• Total Square Feet: 28,035
• Price Per Square Foot: $159
• Buyer: Bryan McKenney & R.J. Sommerdyke - Archer Property Partners
• Seller: Tri-City Hospital District
• Brokers: Ryan Foley & Myles Martinez - Colliers

Ryan Foley and Myles Martinez of Colliers International are tasked with marketing the repositioned property, which is set to be renamed Solara Medical Center. Archer Property Partners plans to execute a $2.5 million renovation, strategically located adjacent to the upcoming Tri-City Medical Center operated by Sharp HealthCare.