Medical Office Building Sold

Medical Office Building Sold

Bristol Park Medical Plaza at 250 East Yale Loop in Irvine, Calif., has just come under new ownership. Sanderson J Ray sold the 28,400-square-foot medical office building to Yorba Hawthorne L.L.C., which made the purchase as part of a 1031 Exchange. Occupying a 1.7-acre parcel, Bristol Park sits in the heart of the medical corridor, with a location near the Irvine Medical Center and Kaiser Permanente Hospital. The 18-year-old property is presently leased to maximum capacity by five businesses, including longtime lead tenant Bristol Park Medical, which occupies approximately 17,400 square feet of space. Faris Lee Investments represented both buyer and seller in the transaction.

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