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Home / Mergers/Acquisitions / UBS Acquires Saddleback Valley MOB from Lillibridge/Ventas

UBS Acquires Saddleback Valley MOB from Lillibridge/Ventas

April 21, 2016 by Mike Hargrave Topics: Mergers/Acquisitions, Real Estate Financing/Capital Markets

UBS Real Estate, along with Greelaw Partners of Irvine CA recently acquired the Saddleback Valley Medical Csaddlebackenter (MOB) from Lillibridge/Ventas.  The purchase price was $34.5 million which works out to about $254 per square foot (SF).  The Saddleback Valley MOB is on the campus of the Saddleback Memorial Medical Center and was built in 1980 but had been substantially renovated in 2014.  Lillibridge had acquired the property in 2003. The property was also recently listed for lease through Colliers.

 

Mike Hargrave
Mike Hargrave

Other Articles by Mike Hargrave:

    • Declining Space Availability for the Outpatient Sector
    • The New York Metro MOB Market is on the Upswing!
    • Which Markets Have Seen the Greatest Growth in MOB Face Rents?

Previous Post:Healthcare Trust of America Announces 1Q16 Acquisitions
Next Post:JLL Income Property Trust Acquires San Juan Medical Center

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