{"id":1004494810,"date":"2020-11-23T00:20:17","date_gmt":"2020-11-23T08:20:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004494810"},"modified":"2025-02-26T02:23:42","modified_gmt":"2025-02-26T10:23:42","slug":"marcus-millichap-arranges-bay-area-mob-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-bay-area-mob-sale\/","title":{"rendered":"Marcus & Millichap Arranges Bay Area MOB Sale"},"content":{"rendered":"
\"\"<\/a>

2625 Shadelands Drive. Image courtesy of Marcus & Millichap<\/em><\/p><\/div>\n

Marcus & Millichap has arranged the sale of 2625 Shadelands Drive, a 60,000-square-foot medical office building in Walnut Creek, Calif., as the medical office sector continues to perform well<\/a>. Caddis Healthcare Real Estate purchased the Class B asset from TSM Investments for $23.2 million, according to PropertyShark. Senior Associate Ryan Gonzales arranged the deal on behalf of both parties. Yardi Matrix shows the property last traded in 2014 for $5.7 million.<\/p>\n

Situated on 5 acres within the 246-acre Shadelands Property and Business Improvement District, the medical facility was completed in 1978. The property features a parking ratio of 4.9 spaces per 1,000 square feet. Stanford Health, John Muir Health and Muir Ortho fully occupy the single-story building. Services provided include sports medicine, physical therapy and ENT treatment, among others.<\/p>\n

The facility is roughly 3 miles northeast of downtown Walnut Creek, just north of Ygnacio Valley Road. The surrounding area has several other health-care providers, including Kaiser Permanente Park Shadelands Medical Offices.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em>our short form<\/em><\/strong><\/a> or send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Senior Associate Ryan Gonzales represented both parties in the deal for the 60,000-square-foot property in Walnut Creek, Calif.<\/p>\n","protected":false},"author":870,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21754,21742,1609,15],"tags":[46967,34836,36278],"class_list":["post-1004494810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-medical-office","category-latest","category-san-francisco","category-west","tag-caddis-healthcare-real-estate","tag-marcus-millichap","tag-medical-office-building"],"acf":[],"yoast_head":"\nMarcus & Millichap Arranges Bay Area MOB Sale - 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\/marcus-millichap-arranges-bay-area-mob-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus & Millichap Arranges Bay Area MOB Sale\" \/>\n<meta property=\"og:description\" content=\"Senior Associate Ryan Gonzales represented both parties in the deal for the 60,000-square-foot property in Walnut Creek, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-bay-area-mob-sale\/\" \/>\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=\"2020-11-23T08:20:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T10:23:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\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\/marcus-millichap-arranges-bay-area-mob-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-bay-area-mob-sale\/\",\"name\":\"Marcus & Millichap Arranges Bay Area MOB Sale - 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