SOLD
CBRE Sells Atlantic Medical Center In Long Beach For $29M
701 East 28th Street
Other
68,845 SF
68,845 SF
Sold 352 days ago
Summary
Sale
CALIFORNIA
Other
68,845 sqft
The Atlantic Medical Center, a purpose-built medical office building in Long Beach, has been sold by CBRE to a private buyer for $29 million. The four-story building, located at 701 East 28th Street near MemorialCare Long Beach Medical Center, sits on 3.04 acres of land. With a total square footage of 68,845, the building houses a variety of clinical medical services and boasts high occupancy, making it an attractive investment. The sale price translates to a price per square foot of $421.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: $29,000,000
- Address: 701 East 28th Street
- Market: Long Beach
- Acres: 3.04
CBRE represented the seller, Jamison Properties, in this transaction. The brokers involved in the deal were Michael Longo, Mark Shaffer, Todd Tydlaska, Sean Sullivan, and Anthony Delorenzo, all from CBRE. Their expertise and negotiation skills contributed to the successful sale of the Atlantic Medical Center.
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: Michael Longo, Todd Tydlaska, Mark Shaffer, Sean Sullivan & Anthony Delorenzo
DATE: 05/16/2023
ADDRESS: 701 East 28th Street
MARKET: Long Beach
ASSET TYPE: Medical Office ~ ACRES: 3.04
SELLER: Jamison Properties (@JamisonProperties)
BROKERS: Michael Longo, Mark Shaffer, Todd Tydlaska, Sean Sullivan & Anthony Delorenzo - CBRE (@CBRE)
SALE PRICE: $29,000,000
SF: 68,845 ~ PPSF: $421
NOTE: CBRE has sold Atlantic Medical Center, a purpose-built medical office building in Long Beach, to a private buyer for $29 million. The four-story building, situated near MemorialCare Long Beach Medical Center, boasts high occupancy and houses a variety of clinical medical services, making it an appealing investment.View on map
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Address701 East 28th Street
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