{"id":1004449054,"date":"2020-05-19T10:23:18","date_gmt":"2020-05-19T18:23:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004449054"},"modified":"2021-05-10T02:05:49","modified_gmt":"2021-05-10T10:05:49","slug":"ira-capital-acquires-orange-county-mob-for-38m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ira-capital-acquires-orange-county-mob-for-38m\/","title":{"rendered":"IRA Capital Acquires Orange County MOB for $38M"},"content":{"rendered":"
\"\"<\/a>

2212 E. Fourth St. Image courtesy of CBRE<\/em><\/p><\/div>\n

IRA Capital has acquired a 56,809-square-foot medical office building in Santa Ana, Calif., for $38.4 million from St. Joseph Hospital of Orange and affiliated entities. Yardi Matrix data shows Siemens Financial Services originated $29.4 million in acquisition financing for the new owner.<\/p>\n

Located at 2212 E. Fourth St., the asset is less than a mile from Kaiser Permanente Santa Ana Medical Offices, Orange County Global Medical Center and Interstate 5 and within walking distance of several dining options. Originally built in 1988 as a hospital, the property was converted to medical office space in 2008, per Yardi Matrix information. The three-story building recently underwent an $8.5 million specialized medical improvement program.<\/p>\n

According to Gary Stache, executive vice president CBRE, St. Joseph Hospital of Orange has occupied the property since 2008 and is currently under a 10-year triple-net lease. The tenant operates primary care services, a pharmacy and dialysis center on the premises.  <\/p>\n

Stache, together with Executive Vice President Anthony DeLorenzo, Directors Doug Mack and Bryan Johnson and Associate Chris Martin from CBRE represented the seller. The brokerage team recently facilitated the $7 million sale of a medical office property in Moreno Valley<\/a>, Calif.<\/p>\n","protected":false},"excerpt":{"rendered":"

St. Joseph Hospital of Orange has leased the 56,809-square-foot facility since 2008. <\/p>\n","protected":false},"author":748,"featured_media":1004449060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21754,21742,34267,15],"tags":[32789,36482,37251],"class_list":["post-1004449054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-medical-office","category-latest","category-orange-county","category-west","tag-cbre","tag-gary-stache","tag-ira-capital"],"acf":[],"yoast_head":"\nIRA Capital Acquires Orange County MOB for $38M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ira-capital-acquires-orange-county-mob-for-38m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IRA Capital Acquires Orange County MOB for $38M\" \/>\n<meta property=\"og:description\" content=\"St. Joseph Hospital of Orange has leased the 56,809-square-foot facility since 2008.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ira-capital-acquires-orange-county-mob-for-38m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-19T18:23:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:05:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/St.-Josephs-e1589902397459.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1171\" \/>\n\t<meta property=\"og:image:height\" content=\"878\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ira-capital-acquires-orange-county-mob-for-38m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ira-capital-acquires-orange-county-mob-for-38m\/\",\"name\":\"IRA Capital Acquires Orange County MOB for $38M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ira-capital-acquires-orange-county-mob-for-38m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ira-capital-acquires-orange-county-mob-for-38m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/St.-Josephs-e1589902397459.jpg\",\"datePublished\":\"2020-05-19T18:23:18+00:00\",\"dateModified\":\"2021-05-10T10:05:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ira-capital-acquires-orange-county-mob-for-38m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/ira-capital-acquires-orange-county-mob-for-38m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ira-capital-acquires-orange-county-mob-for-38m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/St.-Josephs-e1589902397459.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/St.-Josephs-e1589902397459.jpg\",\"width\":1171,\"height\":878,\"caption\":\"2212 E. 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