The subject property is a medical office condo in the Madrona Medical Professional Center. The property was redeveloped and built out with new tenant improvements in 2007. There are a total of 6 exam rooms and a very large open common area room within the suite that is used for physical therapy. There are also two entrances (one on either end of the unit), 2 administrative offices an employee break area and a lobby. This single story medical office condo is located in the clock tower building and has 4 dedicated parking spaces that are included in the purchase price. The total land area in the complex is approximately 96,000 square feet. The owner of the property has maintained a successful physical therapy business at this location and another location in Carson near Harbor General Hospital for many years. If an investor is interested, the owner is willing to do a sale leaseback at $16,000 per month modified gross which equates to an approximate CAP rate of 5.55% at the list price of $2,400,000. The property can also be delivered fully vacant or partially occupied for an owner-user. The location is ideal due to its close proximity to both Provident Little Company of Mary Hospital and Torrance Memorial as well as walking distance to the restaurants and stores in Del Amo Mall. The subject property consists of 7 condos combined condos 135, 136, 137, 138, 139, 140, 147.
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Listing information last updated on June 6th, 2020 at 10:15am PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of June 6th, 2020 at 10:27am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.