310-491-2019
3445 Pacific Coast Hwy, Torrance, CA for Sale
Medical - FOR SALE
1/7
null | Request Cap Rate

3445 Pacific Coast Hwy
Torrance, CA 90505
Walteria


HIGHLIGHTS

  • PACIFIC COAST HIGHWAY - LOCATION! LOCATION! LOCATION!
  • OPPORTUNITY TO ACQUIRE A FRESHLY RENOVATED “PRIDE OF OWNERSHIP” ASSET
  • LOCATED WITHIN A 1-MILE RADIUS OF TORRANCE MEMORIAL MEDICAL CENTER (CEDARS-SINAI AFFILIATE)
  • MAJOR CURB APPEAL
  • SUBSTANTIAL LEASING UPSIDE AVAILABLE

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Madison Park Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

113

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,586 SF

ZONING

TOC3

APN/PARCEL ID

7377-006-906

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Michael MooreNewmarkMore Info
310-491-2019

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Michael MooreNewmarkMore Info
310-491-2019

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