VISTA, CA—DTZ, along with partner Accelerated Commercial Real Estate, says that nearly 15,000 square feet of medical office condominium space at CreekView Medical & Professional Park has sold recently, leaving only a single 5,000 square foot building available in the development.
The recent transaction activity at the park includes a 3,760 square foot full-building sale to the San Diego Blood Bank and a 2,296 square foot sale to Active Solutions Physical Therapy. An additional 10,000 square feet is currently in escrow to two medical practices, and, with the closure of those transactions, CreekView, will have totaled nearly 30,000 square feet of deals completed in the past 12 months.
“Recent buyers and end users have been attracted to the property for its favorable economics,” said DTZ SVP Mark Avilla. “Additionally, this is the only opportunity to own a small medical office building with new construction and modern architecture near Tri-City Hospital.”
“Occupants have a rare chance to own or lease a medical office condo building with new construction and brand new tenant improvements built to their unique specifications,” said Bob Cowan, DTZ Associate Vice President.
CreekView is a 12-building, 63,281 square foot sustainably designed medical office park located at 1910-1968 Via Centre, within the Buena Vista Creek Conservation Preserve. The condominium business park has just one space remaining with availability from 2,500 to 5,000 square feet.
Current uses at the park include dentistry, pediatric dentistry, family practice care, physical therapy, optometry, radiology, pain management, orthopedic care, orthotic and prosthetic patient care, midwifery and women's health care. Current patient traffic count is estimated at 400 patients per day.
Accelerated Commercial Real Estate is a division of PresGroup, a full service national real estate sales and marketing firm. The company is known for delivering proven results for the most profitable disposition of real estate assets by combining the art and science of sales and marketing with talent, expertise and leading edge technology.
DTZ is a global leader in commercial real estate services providing occupiers, tenants and investors around the world with a full spectrum of property solutions. DTZ announced an agreement to merge with Cushman & Wakefield in a May 11 press release.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
