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Near-Record San Diego Medical Office Sale Shows Sector Remains Healthy

UTC Property Trades for $90 Million As Investors Anticipate Rising US Demand for Services
JLL Income Property Trust recently acquired the Genesee Plaza medical office complex in San Diego for $90 million. Photo: CoStar
JLL Income Property Trust recently acquired the Genesee Plaza medical office complex in San Diego for $90 million. Photo: CoStar
CoStar News
July 8, 2019 | 2:39 P.M.

JLL Income Property Trust has purchased a two-building medical office plaza in San Diego's high-demand University Town Center neighborhood for the near-record price of approximately $90 million – the latest local example of strong national demand for healthcare-related properties amid rising use of medical services by aging consumers.

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News | Near-Record San Diego Medical Office Sale Shows Sector Remains Healthy