Aliso Viejo, CA
2018
Tim Duncan
The Aliso Viejo Medical Center (“AVMC”) is a multi-tenant medical office building comprising approximately 28,083 rentable square feet with a stabilized year-1 NOI of approximately $822,613. The Property is a four-story best in- class Class ‘A’ medical office building located in Orange County featuring excellent access and visibility. The Property is anchored by the Kaiser Foundation Health Plan, a member of the Kaiser Permanente Health System (Fitch Rated ‘A+’), representing approximately 80% of the Building’s occupancy. With a network of 37 short term acute care hospitals comprising over 7,800 licensed beds, Kaiser Permanente is a leading national healthcare provider.
AVMC is strategically situated between Saddleback Memorial Hospital to the north and Mission Hospital to the south. Located less than 2 miles from the Property is Leisure World (City of Laguna Woods), a 2,000 acre senior living community where the average age of residents is 78 years.
Accretive purchased AVMC in August of 2010 and has successfully completed a major renovation of the exterior Parking lot and Common Area Lobby in the winter of 2011. This acquisition presented the extraordinary opportunity to acquire a “value added” medical office building investment located in one of the most premier residential/commercial submarkets in Orange County, California.
Accretive Aliso Partners, LLC has completed various capital improvements at the Aliso Medical Center during its ownership period: