March 30, 2020 – JLL Capital Markets announced today that it has completed the $20 million sale of Bella Terra Medical Plaza, a four-story, off-campus medical office building totaling 59,354 square feet in Huntington Beach, California.
JLL represented the seller, Vibe Boutique Office Properties, and procured the buyer, Manhattan Real Estate Holdings.
Bella Terra Medical Plaza is located at 7677 Center Avenue immediately adjacent to and visible from Interstate 405, one of Orange County’s major commuter arteries. Additionally, the 1.8-acre site is adjacent to Bella Terra, a shopping and entertainment center providing numerous retail amenities for tenants and patients alike. The recently renovated, Class A medical office asset is approximately 90% leased to a wide variety of medical facilities and providers.
The JLL Capital Markets team representing the seller was led by Derek Landry, Bob Prendergast, Sach Kirpalani and Lynn LaChapelle along with the JLL Healthcare team of Kellie Hill, Chris Isola and Bryan Lewitt.