Rentv.com Healthcare Realty Trust has bought the 22,600-square-foot Trico Sycamore Plaza medical-office building in Orange, Calif., for $14 million, or $619.47/sf. The seller, which was not identified, developed the property in 2003 and renovated it in 2018. Cushman & Wakefield ...
78 percent leased. The deal was financed with a $46 million loan from Global Athletic Financial Group.
The properties are at 184 North Prospect St., with 28 units, and 130 South Hewes St., with 12 units.
74 percent leased.
98 percent occupied.
Torchlight took over the property after it had defaulted on $140 million of financing, $115 million of which was securitized through Credit Suisse Commercial Mortgage Trust, 2007-C4. The property previously was owned by MPG Office Trust Inc., which turned it ...
83 percent leased.