1500 W Covina Pky - Medical FOR SALE


West Covina, CA 91790
$15,025,000 USD
760-448-2449
1500 W Covina Pky, West Covina, CA for Sale
$15,025,000 USD
Medical - FOR SALE
1/12
null | 6.5% Cap Rate

1500 W Covina Pky
West Covina, CA 91790


HIGHLIGHTS

  • Leased to West Covina Medical Group | Strong corporate lease guaranty from Lakeside Medical Organization | Part of the Heritage Provider Network (HPN)
  • 20-year successful operating history | Clear tenant commitment to site and patient demand | Early lease renewal | New Roof and elevator system
  • Rare standalone single-tenant medical building on true NNN lease | No landlord responsibilities | Extreme ease of ownership
  • Infill East Los Angeles, California location (482,000 people) | Proximity to Emante Queen of the valley Hospital (325-bed acute care facility)

OVERVIEW

Lee & Associates is pleased to present for sale the fee simple interest in Lakeside Community Healthcare, a single-tenant medical office investment located at 1500 West Covina Parkway in West Covina, California within the Los Angeles MSA. The property consists of a 25,836 square foot, two-story medical office building situated on 1.53 acres with a strong parking ratio of 5 per 1,000 square feet. Originally constructed in 1963 and renovated in 2006 and 2010, the asset recently received a new roof and elevator systems in 2025, further enhancing its long-term durability.

FOR SALE DETAILS

PRICE

$15,025,000 USD

PRICE/SF

$582 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakeside Community Health

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

126

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,833 SF

ZONING

WCCR*

APN/PARCEL ID

8474-002-019

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.