501 Deep Valley Drive

501 Deep Valley Drive

Dayani Partners, a Beverly Hills-based real estate investment company, has purchased a four-story, 34,000-square-foot medical office building at 501 Deep Valley Drive in Rolling Hills Estates for $12.7 million, or about $398 per square foot.

Sean Fulp, Ken White, Michael Moore and Kevin Shannon of NKF Capital Markets represented the seller, a limited liability company named Deep Valley Drive. Dayani Partners represented itself.

UCLA Health, the property’s largest tenant, leases three floor with a 10-year lease that was recently expanded.

Eric Lastition and Geoff Ludwig, NKF executive managing directors, leased the space on the seller’s behalf.

The property is located across from the Peninsula Shopping Center as well as the Promenade on the Peninsula.

“This is another example of the growing trend of private capital increasing its personal allocations to well-located real estate with safe cash flow in a terrific debt market,” Shannon said in a statement.

Real estate reporter Ciaran McEvoy can be reached at cmcevoy@labusinessjournal.com or (323) 556-8337.

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