San Diego Business Journal

Chula Vista Medical Plaza Sold for $24.6M

By Lou Hirsh Thursday, July 5, 2012

Centre Medical Plaza, a 74,898-square-foot medical office park in Chula Vista, has been sold for $24.6 million, according to a statement from brokerage firm Marcus & Millichap Real Estate Investment Services.

According to CoStar Group, the buyer was Griffin-American Healthcare REIT of Newport Beach.

Marcus & Millichap and MountainWest Real Estate represented the seller, Centre Medical Office Plaza LLC.

The plaza, built in two phases on 3.74 acres in 1995 and 2001, is located at 855-865 Third Ave. It includes one four-story medical office building, three single-story medical office buildings and a four-story, 262-stall concrete parking facility.

The center has 15 medical tenants in 24 separate suites, the statement said. Tenants include local, regional and national providers of internal medicine services, dental and ophthalmology services, diabetes and obesity treatments, and clinical medical research.

Editor’s note: The original version of this article contained an incorrect address. This version corrects the error.