Doheny Eye Institute Sells Medical Office In Los Angeles For $57M

The Doheny Eye Institute has sold a medical office asset located at 1355 San Pablo St. in Los Angeles. The transaction was facilitated by brokers Kevin Shannon, Rob Hannan, Ken White, and Laura Stumm from Newmark, along with Fred Cordova, Al Grazioli, and JoAnn Horeni from Corion Properties Inc. The sale price for the property was $57,000,000, with a total area of 75,272 square feet, resulting in a per square foot value of $757.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $57,000,000
• Address: 1355 San Pablo St., Los Angeles
• Market: Los Angeles
• Broker: Kevin Shannon, Rob Hannan, Ken White, and Laura Stumm from Newmark; Fred Cordova, Al Grazioli, and JoAnn Horeni from Corion Properties Inc.

The sale of the medical office was successfully completed, with notable involvement from the Doheny Eye Institute as the seller. The transaction was facilitated by a team of brokers including Kevin Shannon, Rob Hannan, Ken White, Laura Stumm, Fred Cordova, Al Grazioli, and JoAnn Horeni. Their expertise and efforts ensured the smooth execution of the deal, resulting in a significant sale price of $57,000,000 for the 75,272 square foot property located at 1355 San Pablo St. in Los Angeles.