A medical office property located at 5900 State Farm Drive in Rohnert Park, California was sold for $23,685,000. The asset spans 67,584 square feet and occupies 4.79 acres in a growing submarket. The property is anchored by Kaiser Permanente and Petaluma Health Center, providing stable, long-term income through healthcare tenancy.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $23,685,000
• Square Footage: 67,584
• Price per Square Foot: $350
• Address: 5900 State Farm Drive
• Market: Rohnert Park, CA
• Acres: 4.79
• Buyer: Private Family
• Seller's Representation: Robert Johnston, Adam Levin & Justin Fink - Levin Johnston - Marcus & Millichap

The transaction was facilitated by Marcus & Millichap’s Levin Johnston team, which successfully brokered the sale. The private family buyer pursued this acquisition through a 1031 exchange after divesting Bay Area multifamily holdings, aiming for reliable income through strategic healthcare tenancy.