DTLA Medical Center Trades for $85M

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.