Colliers is pleased to present the opportunity to acquire the fee simple interest in Woodbridge Square Medical (the “Property”), a 91% leased multi-tenant medical office building in the heart of the Barranca Medical Corridor of Irvine, California. Woodbridge Square Medical is occupied by clinical medical tenancy with various specialties—a collection of uses full of synergies for the tenants primarily through referral business. These synergies result in higher retention, evidenced by the existing ownership being able to renew every rolling tenant (seven total) since buying the Property in 2022. This two-story, 36,104 square foot medical office building was delivered in 2005 and is the newest building in the Barranca Medical Corridor, a submarket that has performed exceptionally well over the past 10 years, averaging a 4.0% vacancy rate and currently boasting a 2.2% vacancy rate as of Q4 2024. Furthermore, over the past three years, market rents have increased from $3.35 NNN in 2022 to $4.00 NNN in 2025, which demonstrates a compound annual growth rate of 6.1%. Given that demand continues to outpace supply with extremely high barriers to entry, we expect to see out-sized market rate growth. After being one of the fastest growing cities in the United States between 2010 and 2020, Irvine is currently receiving several billion dollars of healthcare investment. Hoag Hospital is investing $1 billion to expand its Sun Family Campus, City of Hope is investing $1 billion to expand its Five Point Gateway facility, and UCI Health is constructing a $1.3 billion medical campus. All three are under construction and set to be delivered in 2025 or 2026. This offering presents a rare opportunity to acquire a recent and fully redeveloped medical asset in one of the best performing healthcare corridors of Orange County with close proximity to two major hospitals and an area that is seeing several billion dollars of healthcare investment over the next two years.