April 11, 2016
Two medical office properties in Solana Beach were acquired for $15.5 million by Redondo Beach-based Showprop Monrovia LLC, an affiliated entity of George Krikorian. The founder and CEO of Torrance-based Krikorian Premier Theaters says the transaction is not related to the cinema business.
The Solana Beach buildings are located at 530 Lomas Santa Fe Dr. The 3.4-acre site includes 31,522 square feet of MOB space.
The property was acquired from 530 Lomas Santa Fe LLC, a group of doctors and dentists that are also tenants in the center, including Rawlings DDS Inc. and pediatric dentist William Rawlings.