CBRE’s U.S. Healthcare Capital Markets Group and Southern California Healthcare Leasing Team are pleased to exclusively offer 1640 Marengo Street for purchase. The 67,547 square foot seven-story facility was recently 93% leased, providing investors and users a rare opportunity to take advantage of a large block of to-be-vacated space in an extremely competitive leasing market. The Property is situated on a 1.55-acre parcel in the heart of Los Angeles adjacent to the Los Angeles County and USC Medical Center (LAC+USC), as well as the Keck School of Medicine at USC. The building provides tenants with unmatched visibility and accessibility at the intersection of the Interstate-5 Golden State Freeway and Interstate-10 San Bernardino Freeway. In addition, the healthcare facility is home to several prominent medical office and lab tenants, including the University of Southern California’s Physical Therapy Division (Moody’s ‘Aa1’), the State of California’s Department of Rehabilitation (Moody’s ‘A1’), and Response Genetics.
Investment Highlights
•38% of Occupied Square Footage Represented by Investment Grade Credit Tenancy
•University of Southern California (Moody’s ‘Aa1’)
•State of California’s Department of Rehabilitation (Moody’s ‘A1’)
•Strategic Location Adjacent to Los Angeles County and USC Medical Center (LAC+USC) and Keck Medical Center of USC
•Floor to Ceiling Windows and Efficient Floor Plates
•Potential Signage Income with Over 240,000 Cars Passing the Building Each Day
•Delivered Free and Clear of Existing Debt
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