Real estate news: VCA pet hospital building in Fountain Valley sells for $9.1 million

The building that is home to VCA Animal Hospital in Fountain Valley has been sold for $9.1 million, according to SRS Real Estate Partners’ National Net Lease Group, which brokered the deal.

The single-tenant, 23,800-square-foot property at 18300 Euclid St. was bought by a private, unnamed investor. The seller was a private family trust based in Orange County. Both sides were represented by SRS’ team: Managing Directors Matthew Mousavi and Patrick Luther and Executive Vice President Rich Walter.

VCA recently extended its lease for an additional 10 years; the location is one of VCA’s five flagship hospitals for its brand, according to SRS.

Built in 1969 and renovated by the tenant in 2017 with $6 million in major building renovations, the property sits on 2.14 acres just off the 405 freeway.

SRS said it has handled the sale of 11 retail transactions, year to date, valued at $107 million in Orange County including the approximately $45 million sale of a Home Depot-occupied property in Brea.

People in real estate
The Sundt Cos., parent company of general contractor Sundt Construction, has added Tom Sorley to its Board of Directors. Sorley retired as chief executive officer from Rosendin Electric in December 2019 and currently serves as the company’s executive chairman. (Courtesy of Sundt Cos.)

Tom Sorley has joined the board of directors at The Sundt Cos., parent company of general contractor Sundt Construction. He retired as chief executive from Rosendin Electric in December 2019 and now serves as the company’s executive chairman. Sorley has more than 40 years of industry experience, 31 of which were spent with Rosendin Electric. He’s served on various industry and community boards including the National Academy of Construction, Design-Build Institute of America, Lean Construction Institute, San Francisco Bay Area Council and The Beavers, a heavy engineering construction association. He also served on the advisory board of Architecture Construction Engineering (ACE) at Arizona State University.

Casey Shay has joined SmartStop Self Storage REIT in Ladera Ranch as a senior financial analyst. He will be a part of the executive team involved in all financial planning and analyses for SmartStop and its portfolio of approximately $1.6 billion of self-storage assets under management. Shay has more than 15 years of finance experience in a variety of industries, most recently serving as finance manager for Synaptics and Esterline Power Systems.