Huntington Beach, CA – June 15, 2015 – (RealEstateRama) — NAI Capital is pleased to announce that Executive Vice President Tom Nguyen represented KO’s HB Medical Building, Inc., in the sale of 17752-17762 Beach Boulevard in Huntington Beach, Calif. The $7.8 million sale included a 19,288 square foot surgery center, a 29,398 square foot medical office building and a 4 level parking structure on 1.8 acres of land. The buyer was Blue Sky HB, LLC.
The property sits at the entrance to the Huntington Beach Medical Campus which includes Huntington Beach Hospital, Huntington Beach Diagnostic Imaging & Breast Center, Huntington Professional Tower and Pharmacy. Tenants within the campus include Quest Diagnostics, Beach Pediatrics, Surf City Pediatrics and other medical offices.
Nguyen said, “The property was the ideal opportunity for an investor to acquire a well located medical facility with ample parking in one of the best medical locations in Huntington Beach. Although the buildings were in bad physical condition, we were able to achieve a high price due to the fact that the buyer intends to redevelop the entire site for a major medical operator.”
Huntington Beach Medical Campus buildings are in an outstanding location. The property fronts Beach Blvd (Hwy 39) which is one of the largest and most highly trafficked north/south thoroughfares in Orange County. Over 70,000 cars pass by the property every day; 473,124 people live within a 5 mile radius with a $96,716 average household income.
About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California member of NAI Global, a premier real estate service network in 55 countries with 375 local offices and 6,700 local market leaders spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services.
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