Developed by the seller in 2000, the property is known as the Sand Canyon Medical Building. Located at 16100 Sand Canyon Ave., the three-story structure was 100% leased at the time of sale.

Ruby Simpson, CCIM with Grubb & Ellis' Ontario office, and Tom Stroud, SIOR and CCIM with Collins Commercial Irvine office represented the buyer, who plans to hold the asset as a leased investment. The seller was represented in the transaction by Mark Larson of CB Richard Ellis' Newport Beach office.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.