Medical Capital Corp., a healthcare finance company, has spent $15.5 million on a Tustin office building that’s set to house its executive offices.
The company plans to move from its current home on State College Boulevard in Anaheim later this fall.
Medical Capital’s new building is on Red Hill Avenue at Edinger Avenue. The 48,000-square-foot building, built in 1990, was empty when Medical Capital bought it.
Executives from Medical Capital weren’t available for comment. Wes Hunnicutt, a vice president at tenant brokerage Cresa Partners LLC in Newport Beach, represented Medical Capital, which paid $318 per square foot for the building.
Rick Warner and Justin Hill of CB Richard Ellis Group Inc.’s Anaheim office represented the seller, Industry Hill Holdings LLC. Medical Capital is “doing some modifications, some space planning, as we speak,” Hunnicutt said.
For more on this story, read the Aug. 25 edition of the Business Journal.
