LDM Commercial

Traded: Los Angeles 🌴 on Instagram: "SALE IMAGE: Lon Mapes & Sean Fulp DATE: 01/31/2023 ADDRESS: 1003 East Brier Drive MARKET: San Bernardino ASSET TYPE: Office BUYER: SAC Health SELLER: TPG Partners BUYER’S REP: Lon Mapes (@Lon_mapes) - LDM... Traded: Los Angeles 🌴 () on Instagram: "SALE IMAGE: Lon Mapes & Sean Fulp DATE: 01/31/2023 ADDRESS: 1003 East Brier Drive MARKET: San Bernardino ASSET TYPE: Office BUYER: SAC Health SELLER: TPG Partners BUYER’S REP: Lon Mapes () - LDM Commercial SELLER’S REP: Sean Fulp (...

Lon Mapes represents SAC Health in the acquisition of the former Well Fargo Mortgage western regional HQ. Plans are to convert the entire 280,000 SF building into medical office uses.

SAC Health Expands to 12 Locations with San Bernardino Acquisition - Connect CRE SAC Health has acquired the former regional headquarters of Wells Fargo in San Bernardino, CA, which will become SAC's 12th location.

Please help us in congratulating Lon Mapes for being recognized by CoStar Group as a 2020 Quarterly Deals winner for Q3!

Learn more:
https://lnkd.in/eS-2pqT

This year I've seen much more conversion activity of non-medical real estate into medical properties. Retail to medical conversions most common. But also seeing more general office converting to medical as landlords see the advantages (lease rates, stability, increased property values, etc.).

Developers Push to Convert Non-Healthcare Buildings into Outpatient Centers | GlobeSt With a need to find healthcare facilities in challenging areas, developers focus on property conversion.

Great article on the challenges new investors face when entering the healthcare real estate investment market.

I believe it's key for these new players to either partner with experienced investment groups or find knowledgable brokerage representation.

The Risks for New Investors in Healthcare | GlobeSt Health care is a strong sector that promises to be resilient in the next recession, but there are a lot of pitfalls for those without experience.

Great insights on continued demand for medical office space in SoCal from one of our clients, Bryan McKenney at Cypress West.

Why Medical Office Demand is Soaring in SoCal | GlobeSt A combination of the increasing senior demographic and a more involved approach to healthcare has produced an active medical office market.