6345 Balboa Blvd - Office FOR SALE


Encino, CA 91316
$17,180,000 USD
213-446-7543
6345 Balboa Blvd, Encino, CA for Sale
$17,180,000 USD
Office - FOR SALE
1/17
null | Request Cap Rate

6345 Balboa Blvd
Encino, CA 91316


HIGHLIGHTS

  • Click link to download Offering Memorandum: https://bit.ly/encinocrossingbldgLN
  • High-Image Owner-User Opportunity in Transit-Oriented Campus
  • Ideal Medical Uses
  • Campus Qualifies Under AB 2097
  • Bonus Depreciation Advantage - Year 1 Deduction ±$8.0 million

OVERVIEW

High-Image Owner-User Opportunity in Transit-Oriented Campus * UNIQUE TRANSIT-ORIENTED CAMPUS — ENCINO CROSSING Adjacent to the Balboa Station along the Orange Line Busway, an 18-mile dedicated, exclusive right of way which directly connects the campus to the Los Angeles Metro mass transportation system. * COMPELLING MEDICAL-OFFICE USES — The building’s floor plates are conducive to accommodating various suite sizes and maximizing window line. With a robust parking and a strategic ‘main-on-main’ location near the several hospital systems, the building is ideally suited for a variety of outpatient medical services including urgent care, ambulatory surgery, or specialized diagnostics. * GIVEN ITS PROXIMITY TO A MAJOR PUBLIC TRANSIT HUB, THE CAMPUS QUALIFIES UNDER AB 2097 — Accordingly, the buildings can accommodate uses that require higher parking, such as medical, without needing a variance. There currently are no other buildings for sale in Encino that can accommodate a 20,000 SF to 60,000 SF owner-user. * OWNER USER ADVANTAGE — As opposed to leasing space, purchasing this property can provide protection against future rental market uncertainty and interest rate hikes, offering occupancy cost control, tax benefits, and after-tax equity accumulation. Ideal Medical Uses * The property is 52.7% leased, with ±27,249 SF [47.3%] available now, increasing to ±39,144 SF [±68% of the building] by December 2027 as leases roll.** **51%+ owner-occupancy (SBA 504/7(a) eligible) is reached by early 2027, rising to ±68% by year-end 2027. * Medical-ready infrastructure with upcoming spec suites designed for healthcare users * Prominent building signage opportunity along the Balboa & Victory corridors * Opportunity to create a dedicated patient drop-off loop for convenience and safety * Generous patient parking program available for high-volume practices * Flexible floor plans built to accommodate growth and multiple specialties

FOR SALE DETAILS

PRICE

$17,180,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Encino Crossing I

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.6 AC

LAND SF

156,816 SF

ZONING

C4-1L

APN/PARCEL ID

2230-024-002

ASK ABOUT THIS PROPERTY

Mark ShafferCBRE, Inc.More Info
213-446-7543

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

Mark ShafferCBRE, Inc.More Info
213-446-7543

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