IE Business Daily Business news for the Inland Empire.
Redhawk Medical Plaza, a two-story Class A office property in Temecula, has been sold.
The 32,400-square-foot building at 44274 George Kushman Court was purchased by Rancho Santa Margarita-based Cypress West Partners and Med Properties Holdings LLC in Dallas, according to a statement.
Cost of the property, which is 100 percent leased,was not disclosed.
Marcus & Millichap represented the seller, whose name was not released. Cypress West represented itself in the transaction, which was announced Monday.
Redhawk Medical Plaza’s tenants include McKesson Specialty Health, Pediatric Partners and California Imaging Diagnostics.
The property is about two miles east of Temecula Valley Hospital, a 140-bed private facility with more than 600 employees, according to the statement.
“This acquisition continues to scale a market that we consider to be right in our backyard,” said Ryan Borzouei, Cypress West’s director of acquisitions, in the statement. “After chasing this asset for four months it feels good to close this deal with Med Properties so close to home.”
