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Real Estate/Development

Jul. 30, 2016

Coast Medical Center sold for $12.45 million

The buyer was 3444 Kyr Investments LLC, an entity controlled by physicians Edward Cohen and Michael Lenihan with offices at 9333 Genesee Avenue in Kearny Mesa.

The 38,665-square-foot Coast Medical Center at 3444 Kearny Villa Road in Kearny Mesa sold for $12.45 million.

The buyer was 3444 Kyr Investments LLC, an entity controlled by physicians Edward Cohen and Michael Lenihan with offices at 9333 Genesee Avenue in Kearny Mesa. The buyers took out a $10.7 million loan from Umpqua Bank to purchase the property.

The seller was Telfair Corp.

There were no brokers association with the transaction, according to the CoStar Group. <...

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