Global Medical REIT has acquired a medical condo building in San Diego from Newport National Corp. for $11.85 million or $586 per square foot, which is one of the highest prices paid for a medical office building in the San Diego market.

Located in San Marcos, California, the condo is a 20,230-square-foot, single-tenant, net-leased medical office condo. It is located within the Nordahl Medical Centre, a 57,333-square-foot building. California Cancer Associates For Research & Excellence leases the third floor.

Cushman & Wakefield's Mark Avilla, of the firm's San Diego private capital group and Travis Ives, co-leader of the firm's U.S. healthcare capital markets team, represented the seller in the deal.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.