Freeman Medical Towers (Photo courtesy NKGF)
NGKF Capital Markets’ institutional and healthcare team, as the Owner’s Exclusive Agent, is pleased to offer for sale Freeman Medical Towers, located in Inglewood, Los Angeles, CA (“the Property”). Freeman Medical Towers, a rare opportunity consisting of 79,302 rentable square feet, is a best-in-class four story medical office building, ideally located near the heart of Inglewood, blocks from Centinela Hospital Medical Center, The Great Western Forum and Hollywood Park.
The Property has maintained a strong historical occupancy, and currently boasts a very stable tenant roster. It is currently 99% leased to a variety of high profile and well established healthcare providers including Didi Hirsch, South Bay Family Health Center and RMS Lifeline. The Property was constructed in 1972, completely renovated in 1991 and continuously improved under the current long term and sophisticated ownership.
The Property is strategically positioned less than one mile from Centinela Hospital Medical Center of Los Angeles, a 369 bed acute care facility, part of the prestigious Prime Healthcare Services, the fastest growing hospital system in California. Prime Healthcare Services, a twenty-three-hospital system, was recently named as one of the top fifteen hospital systems in the nation.
The city of Inglewood is a historic community located within the dense boundaries of Los Angeles County, a short distance from Los Angeles International Airport, Downtown Los Angeles and The Pacific Ocean. The community is experiencing tremendous growth and development; within walking distance from Freeman Medical Towers are The Great Western Forum and Hollywood Park, where two of the most exciting redevelopment projects in California are currently underway. The Great Western Forum was recently acquired by MSG Group, the owner of Madison Square Garden, which is currently deploying a 70 million dollar renovation that will reestablish The Forum as the premiere entertainment venue in all of Southern California. Hollywood Park, the famous horse racing track covering 230 acres, has been acquired by Stockbridge Capital, which plans to break ground in January on an enormous development project that will replace the track with a brand new Hollywood Park Casino, shopping center, 300-room hotel, office space, parks, two lakes and 2,995 residences, primarily single family houses and townhouses.
View the executive summary for more information.
Investment Highlights
- 99% leased multi-tenant medical office building consisting of 79,428 square feet
- Long term & stable anchor tenants, synergistic mix of practices creating a secure investment
- Immediate proximitiy to Centinela Hospital Medical Center, a member of the prestigious Prime Health Services
- Exceptional demographics, explosive growth submarket
- Located within walking distance to The Great Western Forum & Hollywood Park Mixed Use Redevelopment Projects
- Appealing aging trends and favorable healthcare expenditures
- Robust Healthcare Capital Markets environment
Bypass the online summary and directly execute the Confidentiality Agreement.
Contact Information
Evan A. Kovac
(949) 608-2061
ROBERT E. GRIFFITH
(949) 608-2091
TIM J. LEBER
(949) 608-2012
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