Anchor Health Acquires Office Building In Ventura County For $21.45M

An off-campus medical office building located at 29525 Canwood St. in Ventura County has been sold for a price of $21,450,000. The property spans a total of 49,261 square feet, resulting in a price per square foot of $435. The sale took place on 04/01/2022.

Summary of transaction details

• Property Type: Office
• Sale Price: $21,450,000
• Square Footage: 49,261
• Price per Square Foot: $435
• Address: 29525 Canwood St.
• Market: Ventura County

The buyer of the property is Anchor Health, represented by James Schmid and Ilya Hvostikov. The seller of the property is Sam Mahboubian. The deal was facilitated by James DeBuiser from Marcus & Millichap.

It is worth noting that the off-campus medical office building is currently 90% leased, with a weighted average lease term (WALT) of 2.0. The transaction achieved a 5.2% capitalization rate.