{"id":1004503564,"date":"2021-01-12T03:11:15","date_gmt":"2021-01-12T11:11:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004503564"},"modified":"2025-02-26T02:22:50","modified_gmt":"2025-02-26T10:22:50","slug":"avison-young-facilitates-los-angeles-mob-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/avison-young-facilitates-los-angeles-mob-sale\/","title":{"rendered":"Avison Young Facilitates Los Angeles MOB Sale"},"content":{"rendered":"
\"\"<\/a>

8600 and 8630 Florence Ave. Image courtesy of Avison Young<\/i><\/p><\/div>\n

Avison Young has arranged the $4.5 million disposition of a vacant, two-building medical office asset spanning 15,213 square feet in Downey, Calif. Principal Patrick Barnes negotiated on behalf of the seller, a local private investor. Gary Martinez with NAI Partners assisted the buyer, non-profit organization The Whole Child.<\/p>\n

The asset last changed hands in 2007, when Westwood Financial Corp. sold it for $5 million, according to Los Angeles County records. Wells Fargo Bank originated a $2.7 million acquisition financing package at the time.<\/p>\n

Located on 1 acre at 8600 and 8630 Florence Ave., the 1969-built property encompasses an 11,000-square-foot, two-story building and a smaller, adjacent single-story structure. The new owner will use the larger building as its headquarters, according to Barnes. The asset previously served as a dialysis center and was vacated almost a year ago.<\/p>\n

Situated close to Interstate 5, the site is 12 miles southeast of downtown Los Angeles. The property is 2 miles from PIH Health Downey Hospital and Kaiser Permanente’s Downey Medical Center.<\/p>\n

In December, Doheny Eye Institute began renovation work<\/a> for its future headquarters in Pasadena, Calif. The company plans to transform the 123,203-square-foot property into a modern vision research center and corporate office space.<\/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><\/div>\n","protected":false},"excerpt":{"rendered":"

Principal Patrick Barnes assisted the seller and NAI Partners’ Gary Martinez represented the buyer.<\/p>\n","protected":false},"author":867,"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":[21743,21783,1594,21742,21747,15],"tags":[33022,40059,33277,36011],"class_list":["post-1004503564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-latest","category-office","category-west","tag-avison-young","tag-nai-partners","tag-wells-fargo","tag-westwood-financial-corporation"],"acf":[],"yoast_head":"\nAvison Young Facilitates Los Angeles 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\/avison-young-facilitates-los-angeles-mob-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avison Young Facilitates Los Angeles MOB Sale\" \/>\n<meta property=\"og:description\" content=\"Principal Patrick Barnes assisted the seller and NAI Partners' Gary Martinez represented the buyer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/avison-young-facilitates-los-angeles-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=\"2021-01-12T11:11:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T10:22:50+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=\"Pavel Cazacu\" \/>\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\/avison-young-facilitates-los-angeles-mob-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/avison-young-facilitates-los-angeles-mob-sale\/\",\"name\":\"Avison Young Facilitates Los Angeles MOB Sale - 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