UCLA-MPTF Toluca Lake Health Center
| Address | 4323 Riverside Drive, Burbank, CA |
| Building Size | ±24,850 RSF |
| Year Built | 1994 / Interior Renovation 2014 |
| Percentage Leased | 100% |
| Year 1 NOI * | $715,683 (as of Sept. 1, 2016) |
| Lease Expiration | May 31, 2019, Two 5-Year Extension Options |
* Year 1 NOI assumes 2% CPI increase
Investment Highlights
- 100% Leased by UCLA Health (‘AA’ Fitch Ratings)
- Very High Renewal Probability with Lease Rate 30% Below Market and Tenant is not Being Charged for Parking
- High Barrier to Entry Burbank Submarket
- Rare Subterranean Parking Garage with a 4.1 per 1,000 Ratio
- Excellent Market Demographics
- Offered Free and Clear of Any Debt
Contact Information
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
Ryan Lindsley
+1 303 628 1745
ryan.lindsley@cbre.com
CBRE Southern California Healthcare Services
Bryan Lewitt
+1 213 613 3201
CA Lic. 01012328
bryan.lewitt@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.
CA Brokerage Lic. 00409987
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
