NGKF Capital Markets offers a 10-property health-system-leased portfolio in California

NGKF Capital Markets, a commercial real estate advisory firm, is offering a 10-property, 61,504-square-foot health-system-leased portfolio located in Northern California.

Eight of the properties are located in Santa Rosa, Calif., and are anchored by an affiliate of Irvine, Calif.-based St. Joseph Health System. These properties encompass more than 200,000 square feet of developable land. The remaining two properties are located in Petaluma, Calif., and Ukiah, Calif. The entire portfolio is 95 percent leased.

"This is a rare opportunity to have so much land assembled right next to a major hospital system," said Evan Kovac, a NGKF managing director based in Newport Beach, Calif., whose team focuses on the sale of medical office buildings. "The long-term play is to redevelop the entire site and create a master-planned modern healthcare campus, with anywhere between 200,000 square feet and 500,000 square feet of medical office properties and healthcare facilities."

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