The Warner Village Medical building, which is at 10900 W. WarnerAve., is one of a number of medical office facilities in OrangeCounty that have traded this year. One of the largest deals,reported in the first quarter of this year on GlobeSt.com, alsoinvolved Marcus & Millichap and was one of the largest medicaloffice portfolios to trade in the region in some time.

In that deal, Jamison Services of Los Angeles added 198,000 sfof medical office buildings with the $30.3-million acquisition of afive-building portfolio that sold in 10 days for a record cap rate,according to Marcus & Millichap's John Smelter of the company'sSan Diego office. Smelter, who brokered the deal, told GlobeSt.comat the time that the cap rate of 5.8% cap rate was believed to be arecord for a multi-tenant non-credit medical office buildingsale.

Orange County investment properties of virtually all typesremain among the most popular in the country, according to recentresearch by Marcus & Millichap. Hessam Nadji, an SVP anddirector of research at the company, told GlobeSt.com in a recentinterview that "The fundamentals in Southern California arebasically stellar," and Orange County is one of the strongestmarkets within Southern California.