CBRE recently completed the sale of a 20,086-square-foot medical office building located at 1743 Creekside Dr. in Folsom for $7.5 million. The property was sold by a private investor and the buyer’s identity remains undisclosed.
According to CBRE Investment Properties’ Matt Post, Sammy Cemo, and Anthony DeLorenzo who represented the seller in this transaction, this well-maintained property is home to a strong tenant base and is situated within an upscale medical office park surrounded by other healthcare-related real estate and continuing care facilities. This made it an attractive purchase for the new owner, particularly as Folsom continues its growth south of Highway 50 in the developing Folsom Ranch area.
The Class A healthcare facility is fully leased with top-tier tenants such as CGT Global, Folsom Orthopedic Surgery & Sports Medicine Center,and Hanger Prosthetics & Orthotics West. It sits within Willow Creek Medical Office Park which consists of nine buildings adjacent to Dignity Health Hospital.
This successful sale highlights CBRE’s expertise in commercial real estate transactions across various sectors including healthcare properties like this one located in desirable locations with strong tenant demand.
