California medical office building sells for $5M

An 8,935-square-foot medical office building in Newport Beach, Calif., has sold for $5 million, according to a March 24 report from Connect CRE.

The facility was sold by investment products provider Equity Enterprises and is 62% leased. 

It is located close to Hoag Newport Beach and currently has four tenants, according to the report.  

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