ABG Property 1 has acquired a medical office property in Los Alamitos from Nautica for $5.5 million or $759 per square foot. The property is an example of the strong investment demand for well-located medical office assets in Southern California.

Located at 10921 Cherry St., the 3-story medical office building is across the street from Los Alamitos Medical Center, a prime area for healthcare services. The property is 100% occupied by Los Alamitos Surgery Center and Ocean Plastic Surgery Center, and it has immediate access to the 605, 22, and 405 freeways the property is in a central location.

VP Steve Body and associate Grant Bullen with NAI Capital's investment services group represented the buyer 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.