301 N Prairie Ave - Medical FOR SALE


Inglewood, CA 90301
$14,700,000 USD
909-910-6656
301 N Prairie Ave, Inglewood, CA for Sale
$14,700,000 USD
Medical - FOR SALE
1/24
null | 6.02% Cap Rate

NEW


301 N Prairie Ave
Inglewood, CA 90301


HIGHLIGHTS

  • Approximately $173.03 per SF
  • Medical suites are plumbed and partitioned for clinical use
  • Suitable for investors or owner-users
  • Significant lease-up and income-growth potential

OVERVIEW

301 N Prairie Avenue is an approximately 84,957-square-foot medical and professional office building located in Inglewood, California. The six-story property was built in 1979 and includes 183 parking spaces. It is offered for sale at $14,700,000, or approximately $173.03 per square foot. The property is currently 55% occupied, with 46,747 square feet leased across 19 suites and approximately 38,210 square feet available across 16 suites. The building features medical and professional office suites, many of which are already plumbed and partitioned for clinical use. The property generates approximately $885,266 in in-place net operating income, reflecting a 6.02% capitalization rate, with additional upside through leasing the available space. It is suitable for investors or owner-users, including medical practices and healthcare groups.

FOR SALE DETAILS

PRICE

$14,700,000 USD

PRICE/SF

$173 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Freeman Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

183

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

R-M, Inglewood

APN/PARCEL ID

4015-024-021

ASK ABOUT THIS PROPERTY

Jamie HarrisonLee & Associates - PasadenaMore Info
909-910-6656

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Jamie HarrisonLee & Associates - PasadenaMore Info
909-910-6656

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