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Medical office product in San Diego delivers a remarkable amount of stability. The asset class is in limited supply with limited new construction coming online but tremendous demand and rising rents. As a result, the market is attracting investors from across the country. Chicago-based MBRE Healthcare recently purchased the 83,213-square-foot Excel Centre for $37.1 million. The property is anchored by Kaiser Permanente, and can be converted into a full medical office facility, which would command 20 to 25% premiums in rents. To find out more about the demand for medical office in San Diego, the players in the market and why medical office is such a popular asset classes, we sat down with Travis Ives, senior director of the healthcare practice group at Cushman & Wakefield and a broker on the deal, for an exclusive interview.

Kelsi Maree Borland


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