New Life Rehabilitation has paid $1.4 million for the property,which was formerly occupied by Union Bank of California.Encompassing 15,431-sf, the retail facility stands at 17122 BeachBlvd.
The new owner, which will use a portion of the building for itsphysical therapy business, has some changes planned for thefacility. New Life Rehabilitation plans to install an indoor poolhere, since much of its physical therapy sessions involveaquatics.
Kathy Fuller of Voit Commercial Brokerage's Irvine office actedon behalf of New Life Rehabilitation. The seller, Union Bank ofCalifornia, was represented by Charles Dunn Co. and NAICapital.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
