April 16, 2018
Eight fully-leased condominium units totaling 40,027 square feet within a Class A medical office building in Rancho Mirage, CA have traded hands. HFF marketed the institutional-quality core medical office units on behalf of five separate sellers. Milwaukee-based Hammes Partners purchased the assets in an off-market, sale-leaseback transaction.
Completed in 2008, the majority of the units in the one-story property are leased to Eisenhower Health. As part of the transaction, the sellers signed long-term triple-net leases.
The property is located at 72780 Country Club Dr., at the intersection of Country Club Drive and Monterey Avenue, in a high barrier-to-entry market with robust demographics. The property is less than two miles from the 463-bed Eisenhower Medical Center.
HFF’s Evan Kovac, Andrew Milne and Trent Jemmett represented the seller.
“The new owner has the opportunity to build a long-term relationship with Eisenhower Health and expand their footprint within Southern California,” Kovac said.
For comments, questions or concerns, please contact Dennis Kaiser