A health care property that formerly housed Alvarado Convalescent & Rehabilitation Hospital, in the city’s college area submarket, has been sold for approximately $17.2 million, according to CoStar Group and public data.
The buyer was Plymouth Health Investments LLC of Sherman Oaks, and the seller was The Dinerstein Companies of Houston.
The 87,847-square-foot building, located at 6599 Alvarado Road, was built in 1970 on approximately 10 acres.
The building was recently demolished.
— SDBJ Staff Report