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Tenant Representation
Castro Valley Outpatient Center
Castro Valley, CA 25,000 SF Academic Medical Center
The Challenge
Stanford Health Care sought to expand its primary care footprint strategically within the East Bay market. They required a modern, 25,000 SF facility tailored to their specific clinical needs, but wished to mitigate the initial development risks typically associated with ground-up construction in a high-barrier-to-entry market.
Strategic Approach
HealthMed Realty orchestrated a complex build-to-suit to purchase transaction to align with the client’s long-term capital goals.
Partner Selection: We identified and collaborated with a prominent Northern California healthcare developer capable of handling the entitlement and construction risk.
Deal Structuring: We negotiated a lease structure that converted into a purchase agreement upon completion, bridging the gap between tenant needs and developer capabilities.
Turnkey Delivery. We negotiated a transaction where the third-party developer delivered not only the core and shell, but the interior improvements.
Value Delivered
- Risk Mitigation: Stanford Health Care secured a custom facility without shouldering the entitlement and construction risk.
- Asset Acquisition: Successfully transitioned the client from a tenant to an owner-user immediately upon project completion.
- Market Speed: Delivered a turnkey primary care hub in a competitive market segment.
Project Team
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