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Real Estate/Development

Mar. 26, 2016

Carlsbad medical building sells for $4.44 million

"The steadily improving market conditions in the San Diego health care real estate market are resulting in strong occupancy rates and rent growth," said JLL's Paul Braun.

A 6,350-square-foot medical office building in Carlsbad was sold for $4.4 million.

The buyer of the property at 2020 Cassia Road was Midwest Investment Properties LLC, a Delaware limited liability company of San Diego.

The seller was Amherst Properties, Inc., a California corporation, with Patrick O'Day as president.

JLL Healthcare Practice Group members Paul Braun and Chris Ross represented the buyer; Jon Walters of Colliers International represented the seller. <...

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