3331 N Broadway - Office FOR SALE


Los Angeles, CA 90031- Montecito Heights
$30,830,000 USD
818-919-0929
3331 N Broadway, Los Angeles, CA for Sale
$30,830,000 USD
Office - FOR SALE
1/10
null | 7% Cap Rate

3331 N Broadway
Los Angeles, CA 90031
Montecito Heights


HIGHLIGHTS

  • Close To Union Station And Major Metrolink Lines
  • Purpose-Built For Medical/Government Tenants

OVERVIEW

Newmark, as exclusive advisor, is pleased to present the opportunity to acquire fee simple interest in the Lincoln Memorial Building (the "Property"). Located at 3303-3331 Broadway, Los Angeles, the Property was designed and constructed to meet the specific needs of the Los Angeles County Department of Mental Health (LACDMH), the nations, largest county-operated mental health agency with an annual operating budget of approximately $3 billion. Totaling 51,722 square feet, the Property is 100% leased to three tenants and is anchored by investment-grade County of Los Angeles Department of Mental Health, who occupies approximately 84% of the Property.

FOR SALE DETAILS

PRICE

$30,830,000 USD

PRICE/SF

$596 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lincoln Medical Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

C4

APN/PARCEL ID

5208-012-021

ASK ABOUT THIS PROPERTY

Renee NelsonNewmarkMore Info
818-919-0929

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Renee NelsonNewmarkMore Info
818-919-0929

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