The Legacy Properties Group Closes Sale of Parker Medical Center in Temecula ValleyAugust 1st, 2016 by Elizabeth Rouse
TEMECULA — The Legacy Properties Group, of Coldwell Banker Commercial SC (CBC SC), recently announced the sale of 14,932 square feet of medical office space in the Parker Medical Center, located at 44605 Avenida de Missiones in Temecula. A joint venture partnership with Market Street Development purchased the entire first floor, entering into escrow pre-construction.
DaVita Dialysis will occupy ±12,224 sq. ft. of the purchased space and anticipate taking occupancy at the end of 2016. The remaining ±2,708 sq. ft. is already committed to be resold to a local doctor. Parker Medical, LLC, the seller, intends to retain the entire second floor and is being offered for lease only.
Senior Vice President and Partner, Stan Nowak, led the Legacy Properties Group, representing both the buyer and seller. “It was this pre-committed purchase that enabled construction funding to get this project off the ground and bring this long-awaited development to life,” Mr. Nowak said. “We are very excited to bring the newest DaVita Dialysis to the Southwest market. This transaction further supports the growing demand for top quality medical services in the Temecula Valley.”
About DaVita HealthCare Partners
DaVita HealthCare Partners Inc., a Fortune 500® company, is the parent company of DaVita Kidney Care and HealthCare Partners. DaVita Kidney Care is a leading provider of kidney care in the United States, delivering dialysis services to patients with chronic kidney failure and end-stage renal disease. As of March 31, 2016, DaVita Kidney Care operated or provided administrative services at 2,278 outpatient dialysis centers located in the United States serving approximately 180,000 patients. The company also operated 124 outpatient dialysis centers located in 10 countries outside the United States. HealthCare Partners manages and operates medical groups and affiliated physician networks in California, Nevada, New Mexico, Florida, Colorado and Washington in its pursuit to deliver excellent-quality health care in a dignified and compassionate manner.
For more information, please visit DaVitaHealthCarePartners.com.
About Coldwell Banker Commercial SC
Coldwell Banker Commercial SC is a full service commercial real estate firm located in Southern California with office locations in San Diego, Temecula, Redlands, and Ontario, specializing in commercial real estate brokerage and asset management. With a proven track record of efficiency, quality care and service, we offer the global strength that is synonymous with the Coldwell Banker Commercial brand. Our years of combined experience in commercial asset management services allows us to cost effectively serve the unique needs of each client. Our priority is value enhancement and the optimization of our client’s financial returns. Every effort is focused on this goal.
For more information, visit: www.cbcsocalgroup.com.