Healthcare Property, Pacific West Region

Property Description

•  Healthcare Property in Los Angeles

•  High Traffic Location

•  Strong tenant with multiple locations

•  15 year absolute NNN lease

This is an excellent opportunity to acquire a completely built out and up to code medical/dental healthcare property with ample parking. The property contains a large waiting room and multiple exam areas. The dental healthcare tenant operates a number of offices in the Los Angeles metropolitan area, and has spent a considerable amount of money on improving the space to suit its needs.

This healthcare property fronts a busy Boulevard and is being offered on an absolute NNN basis with a 15 year lease that is scheduled to commence at Closing. Lease dates shown reflect a forecasted Closing date.

The Seller/Tenant will personally guarantee the lease. This property is being offered with a 15 year absolute NNN lease with annual increases of the greater of 2.5% or CPI and one 5 year option. This building was completely rehabbed to be brought to medical/dental code and the Seller/Tenant will lease the entire built out 6,000 square feet on the ground floor.

There is additional value added through a second floor space that could be built out into additional office space for lease. Currently it is merely attic space. Sprinklers have been installed up there, however all other build out needed. Buyer will need to verify with city as to requirements.

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The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.