Marcus & Millichap has organized the sale of 2625 Shadelands Drive, a 60,000-square-foot medical workplace constructing in Walnut Creek, Calif., because the medical workplace sector continues to carry out properly. Caddis Healthcare Actual Property bought the Class B asset from TSM Investments for $23.2 million, in line with PropertyShark. Senior Affiliate Ryan Gonzales organized the deal on behalf of each events. Yardi Matrix reveals the property final traded in 2014 for $5.7 million.
Located on 5 acres inside the 246-acre Shadelands Property and Enterprise Enchancment District, the medical facility was accomplished in 1978. The property contains a parking ratio of 4.9 areas per 1,000 sq. ft. Stanford Well being, John Muir Well being and Muir Ortho totally occupy the single-story constructing. Providers offered embrace sports activities drugs, bodily remedy and ENT remedy, amongst others.
The ability is roughly 3 miles northeast of downtown Walnut Creek, simply north of Ygnacio Valley Street. The encircling space has a number of different health-care suppliers, together with Kaiser Permanente Park Shadelands Medical Places of work.
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