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ANAHEIM, CA-Anaheim Professional Center has fetched its full list price of $9.5 million for seller Cornerstone Advisers.

The 89,000-sf medical and office property, which stands at 1801 West Romneya, was 85% occupied at the time of sale. Anaheim Memorial Hospital is its largest tenant, occupying a total of 10,000 sf in the six-story, 22-year-old facility.

John Smelter of the San Diego office of Marcus & Millichap Real Estate Investment Brokerage Co. acted on behalf of Cornerstone Advisers, the Los Angeles-based real estate subsidiary of Mass Mutual.

Smelter, who had the exclusive listing to market the property for Cornerstone, secured multiple offers in the first two weeks of the listing. He implemented a best and final program with the interested parties, with buyer Ko’s Anaheim Professional Inc. paying the full list price of $9.5 million. This price is $1.9 million above the $7.6 million that Cornerstone had achieved last October in an escrow that didn’t close.

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