Stockdale Capital Partners has sold the Third Street Medical Center, a 147,000-square-foot medical office building, for $85 million. The property is located at 2100 West 3rd Street in Downtown Los Angeles.

Stockdale purchased the property in 2016 as a strategic value-add play. The firm brought it from 68% occupancy to 90% occupancy in three years, recruiting tenants like AltaMed and U.S. Renal Care.

Chris Bodnar, Lee Asher, Ryan Lindsley and Sabrina Solomiany from CBRE's Healthcare Capital Markets Group partnered with Angie Weber and Dana Nialis with CBRE's Southern California Healthcare Services team as Stockdale's exclusive advisor.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Los Angeles
Healthcare Real Estate
Capital Markets