Cypress West Partners in a joint venture with TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, has acquired 450 4th Ave., a nearly 37,000-square-foot medical outpatient building in Chula Vista, Calif.
JLL’s Medical Properties Group represented the seller, Turner Impact Capital, and procured the buyer.
450 4th Ave. is located on the campus of the 173-bed Scripps Mercy Hospital Chula Vista. The property serves the broader southern San Diego area and is located between the Interstate 5 and I-805.
Renovated in 2015, the four-story property is currently leased to 12 tenants, including anchor tenant Scripps Health.