Thatcher Medical Center
Thatcher Medical Center is a 73,564 square foot, two-building medical office complex in the heart of Pasadena, California. The asset is viewed by the local population as an “iconic” property originally designed and constructed to be the premier medical office building in the City.
TMC is situated in a high barriers to entry, in-fill location and is 1.5 miles from the pre-eminent local hospital, and has numerous demand drivers, including over 1,300 office buildings within a five-mile radius.
Pasadena’s demographic trends demonstrate a growing segment of an aging and affluent local population, further validating the need for the facility and its strong position in the market. This is further evidenced by the fact that 44% of the tenant base has occupied the property for an average of 19 years.