Seven Units at Cabrillo Medical Center Sold

4 May, 2010, San Diego

The San Diego office of Cushman & Wakefield announces that seven medical office condominiums totaling 7,623 square feet have sold at Cabrillo Medical Center in the Kearny Mesa submarket of San Diego (92123). The recent transactions bring Cabrillo Medical Center to approximately 70 percent sold. Financial terms were not disclosed.

"With interest rates near historic lows, a lack of new medical product and reduction in pricing from 2008, medical professionals are finding that now is the ideal time to purchase medical offices at quality locations such as Cabrillo Medical Center," said Matthew Carlson, director with Cushman & Wakefield.

In each of the transactions, the seller, Fenway Properties V, LLC, was represented by Matthew Carlson and J.P. Huntington of Cushman & Wakefield.

EN Med Center LLC purchased three office suites totaling 3,888 square feet at Cabrillo Medical Center, 7695 Cardinal Ct., (Suites 3-6, 3-7, 3-8), San Diego (92123). The buyer represented itself and will use the space for dental-related services.

Elite Ortho Center LLC purchased four office suites totaling 3,735 square feet at Cabrillo Medical Center, 7695 Cardinal Ct., (Suites 3-9, 3-10, 3-11, 3-12), San Diego (92123). The buyer represented itself and will use the space for dental-related services.

Fenway Properties acquired the building in 2005 and rebuilt the current 31,222-square-foot, three-story, Class A facility which was completed in 2007. The building features a modern design with high curtain walls, stone and dark wood finishes; secured covered parking and a gurney accessible elevator. Cabrillo Medical Center offers close proximity to Sharp Memorial and Rady Children's Hospitals with high visibility from Interstate 163. The building also includes on-site subterranean parking.

Only three suites totaling 9,708 square feet remain available for sale at Cabrillo Medical Center. For sales and leasing information at Cabrillo Medical Center, contact exclusive listing agents, Matthew Carlson or J.P. Huntington with Cushman & Wakefield at 858-452-6500.

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