For Sale: Trophy Medical Building in Beverly Hills

Trophy Medical Building in Beverly Hills

The Offering

CBRE’s U.S. Healthcare Capital Markets Group and Southern California Healthcare Services Group are pleased to exclusively offer the fee-simple interest in 8670 Wilshire (the “Property”), a trophy outpatient medical office building located in one of the most prominent retail and medical markets in the world – Beverly Hills, California. The building was significantly renovated in 2011 and is anchored by one of the most comprehensive surgery centers in the Beverly Hills market, featuring four operating rooms and two procedure rooms that provide outstanding patient care across a multitude of specialties including general surgery, otolaryngology (ENT), gastroenterology, gynecology, ophthalmology, orthopaedics, plastic surgery, pain management, podiatry, spine, and cardiology. In addition to the surgery center, the building offers a state-of-the-art imaging center, an on-site gourmet café and subterranean parking on three levels.

Investment Highlights

Top Surgery Center Operator
Irreplaceable Asset with Medical Office Moratorium
Below Market Medical and Parking Rents
Proximity to Cedars-Sinai and UCLA Medical Center
Internationally Renowned Physicians
Iconic Beverly Hills Location
High Parking Ratio – 3.9 per 1,000

Offering Information

Offering price: Best Offer
Building size: 51,256 SF
Year built: 1986
Years renovated: 2002 & 2011
Percentage leased: 90%
In-Place NOI: $2,287,206

CBRE U.S. Healthcare Capital Markets Group

Chris Bodnar
+1 303 628 1711
CA Lic. 01892501
chris.bodnar@cbre.com

Lee Asher
+1 404 504 5965
lee.asher@cbre.com

CBRE Los Angeles Investment Properties

Bryan Lewitt
+1 213 613 3201
CA Lic. 01012328
lee.asher@cbre.com

Chris Isola
+1 213 613 3204
CA Lic. 01454942
chris.isola@cbre.com

CBRE Debt & Structured Finance

Greg Greene
+1 214 979 5617
greg.greene@cbre.com
CBRE Inc.
Brokerage Lic. 00409987