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Why This Orange County Building Traded for Nearly 50% Above Its 2019 Purchase Price

Developer Sells Medical Offices in Santa Ana, California, to Tenant for $30 Million
The medical office building purchased by AltaMed Health Services was built in 2000. (CoStar)
The medical office building purchased by AltaMed Health Services was built in 2000. (CoStar)

Healthcare real estate developer Meridian sold a medical office building in Santa Ana, California, to its largest tenant for nearly 50% more than it paid for the property two years ago, reflecting heightened investor demand for Orange County office and medical buildings in a city undergoing significant revitalization.

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News | Why This Orange County Building Traded for Nearly 50% Above Its 2019 Purchase Price