8737 Beverly Blvd - Medical FOR SALE


West Hollywood, CA 90048
$19,500,000 USD
718-578-8772
8737 Beverly Blvd, West Hollywood, CA for Sale
$19,500,000 USD
Medical - FOR SALE
1/109
null | 3.31% Cap Rate

NEW


8737 Beverly Blvd
West Hollywood, CA 90048


HIGHLIGHTS

  • Medical Office directly across from Cedars-Sinai
  • Walker's Paradise - 93 Walk Score
  • Trophy property first time on the market in 27 years
  • Blue-Chip Tenant Base
  • Upside in tenanting vacant spaces

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$19,500,000 USD

PRICE/SF

$694 USD /SF

CAP RATE

3.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

115

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

WDC2A

APN/PARCEL ID

4336-001-036

ASK ABOUT THIS PROPERTY

Seth GrossmanConroy CommercialMore Info
718-578-8772

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Seth GrossmanConroy CommercialMore Info
718-578-8772

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