Newmark, as exclusive advisor, is pleased to present the exceptional opportunity to acquire the leasehold interest in Madison Park Medical Office (the “Property”), a fully renovated 50,524 square foot, three-story multi-tenant medical office building, located in the heart of the Los Angeles South Bay in the city of Torrance, CA, with 1,130 feet of frontage along the famed Pacific Coast Highway (PCH).
Madison offers an approximate 4 year WALT (including pending renewals) and is 90% leased to a robust rent roll of 10 medical tenants including UCLA Health, Coast Surgery Center and Pacific Endo-Surgical Center. The Property benefits from it’s desirable medical office location less than one mile south of Torrance Memorial Medical Center (TMMC–a Cedar-Sinai Affiliate) which has been ranked among the top 3% hospitals in California as well as one of the world’s best hospitals by US News & World Report and Newsweek respectively. The close proximity to TMMC in addition to Providence Little Company of Mary Hospital, located just two miles to the north, continues to drive demand for medical office space at Madison Park. Additionally, the Property is situated at the base of the Palos Verdes Peninsula, one of the wealthiest communities in the Los Angeles region, providing direct access to a highly affluent demographic, with extremely limited commercial properties.