• 100% 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 proximity 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
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 situated in the heart of Inglewood – just blocks from Centinela Hospital Medical Center, The Forum and Hollywood Park. The Property is a high identity multi-tenant medical office building with an adjacent parking garage, located a short distance from Downtown Los Angeles, Los Angeles International Airport and The Pacific Ocean.
The Property has maintained a strong historical occupancy including long-term leases that are currently in place, providing excellent investor security. The Property is currently 100% leased to a variety of high profile and well established healthcare providers including Didi Hirsch, South Bay Family Health Center and RMS Lifeline (a division of DaVita). The Property consists of two connecting four-story buildings. The south tower was built in 1972 and the north building was constructed in 1991. Extensive remodeling and upgrading has occurred over the last three years. Additionally, there is an adjacent four-story parking garage containing 185 parking spaces plus an easement for 84 parking spaces in the hospital parking garage. As is common with medical office properties, Freeman Medical Towers is under a long-term ground lease (see page 18 for a summary of the ground lease terms).
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 Forum and Hollywood Park, where two of the most exciting redevelopment projects in California are currently underway. The Forum was recently acquired by MSG Group, the owner of Madison Square Garden, which is currently deploying a $70 million renovation that will reestablish The Forum as a premiere entertainment venue in 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.
Sincerely, NGKF Capital Markets
EVAN A. KOVAC (949) 608-2061 firstname.lastname@example.org
ROBERT E. GRIFFITH (949) 608-2091 email@example.com
TIM J. LEBER (949) 608-2012 firstname.lastname@example.org
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