Rare "Trophy" Acquisition Opportunity
Generational Ownership: This prime medical office asset is being offered for the first time in 27 years, representing a rare opportunity to acquire a staple of the West Hollywood medical corridor.
Irreplaceable Location: Situated at the heart of the Beverly Grove/West Hollywood medical district with an exceptional Walk Score of 93, described as a "Walker’s Paradise."
Direct Hospital Synergy: Located in the immediate "mission-critical" orbit of Cedars-Sinai Medical Center, providing an unparalleled location for top-tier medical practices and rounding physicians.
Exceptional Tenant Credit & Stability
Institutional Anchors: The building features a prestigious tenant mix, including Cedars-Sinai Medical Care Foundation (jointly and severally liable on Suite 302-303) and high-volume practices like Synergy Hematology-Oncology.
Recent Long-Term Commitments: High-value anchor tenants have recently signed extensions, securing significant building footprints through 2030 and 2031.
Remeasured Footprint: The property was recently remeasured to a confirmed 26,353 rentable square feet, maximizing the base for rent and CAM recoveries.
Significant Upside & Stabilization Potential
Immediate Lease-Up Opportunity: Approximately 31% of the building is currently vacant, providing a massive value-add opportunity to stabilize the asset with medical users at current market-leading rates.
Modernized Base Year: Recent renewals have established a 2026 Base Year for key tenants (Fleshner and Synergy), providing a clean, updated baseline for future Operating Expense recoveries.
Revenue Enhancement: Opportunity to convert the remaining Gross Lease (Suite 301) to a metered utility structure, as currently permitted under the lease terms, to eliminate Landlord utility risk.
Superior Parking & Ancillary Income
Robust Income Floor: The property includes a lucrative contract with Curbstand, Inc., providing a secure $120,000 annual net income floor ($10,000/month) specifically for parking operations.
Reserved Utility: Tenants enjoy the right to lease unreserved and reserved spaces, a critical and scarce amenity in the highly congested West Hollywood submarket.
De-Risked Operating Structure
Direct Utility Pass-Throughs: The building is primarily metered so that medical tenants pay for their high-intensity electricity and supplemental HVAC power directly to utility providers, shielding the owner from rising energy costs.
Strategic OpEx Buffers: Conservative pro-forma assumptions include robust OpEx increase buffers, ensuring the asset remains a high-performance vehicle even under rigorous municipal property tax assessments.