Hot Property: Los Angeles-area MOB is 90% filled

HotProperty-3680EastImperial

The 64,780 square foot 3680 East Imperial Highway MOB, near the 384-bed St. Francis Medical Center, is in Lynwood, Calif., just outside of Los Angeles. Photo courtesy of CBRE

It’s home of Lynwood, Calif., is seeing growth in patient base, brokers say

Name: 3680 E. Imperial Highway
Location: Lynwood, Calif.
Square feet: 64,780
Occupancy: 90%
Average lease term: 4 years
Year 1 NOI: $1.08 million
Seller: Undisclosed
Brokerage: CBRE Investment Properties, Southern California
Brokers: Gary Stache, Anthony DeLorenzo, Doug Mack and Nicholas Svendsen

One of the benefits of investing in medical office buildings (MOBs) in various areas of Greater Los Angeles is that the tenants in the facilities typically have limited relocation options.

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