For Sale: Stabilized Medical Office Investment | 7.5% Cap Rate | North LA County

Click to download offering memorandum

Investment Summary

  • Offering Price: $4,552,387
  • In-Place Cap Rate: 7.50%
  • Net Rentable Area: ±19,473
  • Year Built: 2009
  • Occupancy: 100%

Investment Highlights

  • Stable Medical Cash Flow Investment
    • Unique Opportunity to acquire a 100% leased investment with five quality medical tenants in the business-friendly, up and coming city of Lancaster, CA. Tenants include: County of Los Angeles, Dr. Eshak Pharmacy, Proactive Wellness, Board of Equalization, and Antelope Valley Hospital.
    • Synergistic tenant mix with four identical suite sizes in each building, ranging from ±1,092 SF in the smaller (4,363 SF buildings), to ±1,593 SF in the larger (6,373 SF buildings), allowing tenants to expand and contract as needed allowing for maximum flexibility.
  • Attractive, Newly Constructed Project with Strong Medical Office Fundamentals
    • Constructed in 2009, the Antelope Valley Medical offers eight attractive, single story, brick and stucco with wood frame, individual buildings ranging from 4,367 SF to 6,373 SF.
    • Medical office fundamentals continue to be strong in Lancaster with a 3.8% vacancy rate for all medical buildings in the 5-10k size range. The limited supply of 5-10k medical office buildings in the area will lead to shorter lease up time for vacant space and an opportunity future rental increases.
  • Close Proximity to Antelope Valley Hospital and Excellent Amenity Base
    • Located less than a one minute walk from the Antelope Valley Hospital. The Antelope Valley Hospital is a full-service 420-bed, not-for-profit, acute care, medical and surgical hospital established in 1955. The hospital is situated on 115 Acres and has a 57% market share, 450 Physicians in 66 specialties, 2,500 employees, 400 volunteers and 200,000 patients each year.

Contact Information

Gary Stache
Lic. 00773736
+1 949 725 8532
gary.stache@cbre.com

Anthony DeLorenzo
Lic. 01706686
+1 949 725 8425
anthony.delorenzo@cbre.com

Doug Mack
Lic. 01804065
+ 1 949 725 8571
doug.mack@cbre.com

Nicholas Svendsen
Lic. 01940653
+ 1 949 725 8471
nicholas.svendsen@cbre.com

Los Angeles

Mark Shaffer
Lic. 01253743
+1 213 613 3758
mark.shaffer@cbre.com

San Diego

Matt Pourcho
Lic. 01705763
+1 858 546 4622
matt.pourcho@cbre.com

Specializing in the Sale of Low Rise Office and Industrial Properties in Southern California

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