CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield's Healthcare Capital Markets Team Advises Sale of Makena Medical Buildings in Temecula, CA

10/26/2020
TEMECULA, Calif., October 26, 2020 – Cushman & Wakefield today announced the firm has brokered the sale of the Makena Medical Buildings in Temecula (Greater Los Angeles), California.

Makena Medical Temecula

The Class A asset comprises two fully leased medical office buildings totaling 42,857 square feet. The property was acquired by a joint venture between Anchor Health Properties and an existing institutional equity partner. The seller was Makena Medical Buildings Temecula, LLC, a local developer with a track record of successful medical developments throughout San Diego and Riverside County.

Travis Ives, Gino Lollio and Scott Niedergang of Cushman & Wakefield’s U.S. Healthcare Capital Markets Team represented the seller in the transaction.  

“The Makena Medical Buildings embody the characteristics sophisticated medical investors like Anchor Health Properties look for: best-in-class construction within close proximity to strong hospital campuses anchored by the dominant medical providers in the market,” said Travis Ives, Managing Director. “This acquisition will make a great addition to their growing portfolio of medical office buildings in the region.”

Ives continued, “Traditionally not a seller, Makena saw this as an opportunity to take advantage of favorable market conditions and raise capital for future projects in their pipeline.”

Consisting of two (2)-story buildings located at 31150 & 31170 Temecula Pkwy, the property is located down the street from the Temecula Valley Hospital. The buildings were recently constructed in 2015 and feature a variety of medical specialties including urgent care, cardiology, gastroenterology, family medicine and pediatric care.

Ives added, “The medical office sector continues to show strength during the pandemic. In addition to the traditional medical office investors that were already in this space, we’re now seeing an influx of new capital crossing over from other product types seeking the dependable cash flow and recession-resistant nature of medical office buildings. We expect this trend to continue into next year, which should lead to heightened competition for premier assets like this.”

Since the onset of the pandemic, the Cushman & Wakefield U.S. Healthcare Capital Markets Team has now closed nearly 10 transactions exceeding well over $100 million.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

Contact/Author

Joshua Deale San Diego Communications Manager
Joshua Deale

Communications Manager • Costa Mesa

Mr. Deale leads strategic media relations and thought leadership efforts for the West Region markets, and oversees their online presence including managing article and social media efforts.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS