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Two Medical-Related Assets Change Hands for $19M

LOS ANGELES-L.A.-based Charles Dunn Co. has completed the sale of two medical-related Orange County office buildings totaling approximately 100,000 square feet in Cypress and Costa Mesa.

By Carrie Rossenfeld | Updated on June 08, 2012

(Save the Date: RealShare Orange County 2012 comes to the Hyatt Regency, Irvine, August 16.)

LOS ANGELES-Charles Dunn Co. has completed the sale of two two-story medical-related office buildings totaling approximately 100,000 square feet in Cypress, CA, and Costa Mesa, CA. The Orange County properties sold for a combined total of $19.5 million and are fully occupied by WCCT Global LLC, an early-phase drug development clinical research organization. Darrell Levonian, Justin Mendelson and Fred Sheriff from Charles Dunn’s Century City office represented the buyer, Davies-Torrance Trust from the San Francisco area, and the seller, a private family LLC who had a significant ownership interest in the tenant. 5630 Cerritos Ave. in Cypress, built in 1989, is 76,032 square feet on 3.55 acres; 3545 Howard Way in Costa Mesa, built in 1986, is 23,125 square feet on 1.13 acres.

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