VITAL STATISTICS
FASHION WAY MEDICAL
3531 Fashion Way, Torrance
Square Footage: 26,358
Deal Value: $14.2 million
Executive vice president Sheri Messerlian and Tim Steuernol with NAI Capital Commercial’s South Bay office completed the purchase of a multi-tenant medical office property in Torrance. Messerlian and Steuernol represented the buyer, a private investor, in the transaction. The Seller, Meridian, was represented by Newmark. The sale price totaled $14,200,000 or $539 per square foot. Built in 1961, the two-story multitenant medical office building totals 26,358 square feet situated on 1.48 acres. Across the street from the Del Amo Fashion Center mall, the property is in a highly desirable central Torrance medical industry cluster location, minutes from three local hospitals.
VITAL STATISTICS
NORTHRIDGE MEDICAL & PROFESSIONAL PLAZA
9535 Reseda Blvd., Northridge
Square Footage: 39,849
Deal Value: $13,775,000
Marcus and Millichap was selected to exclusively list for sale Northridge Medical & Professional Plaza, a three-story 39,849 square foot medical office building located in Northridge. Located at 9535 Reseda Boulevard, one of the San Fernando Valley’s primary north-south arterials, the property is situated on a 73,616 square foot corner parcel of land. The property has maintained a historical occupancy north of 90% over the past decade and was 92.44% occupied at the time of listing. The average in-place monthly rent was $2.710 per square foot. The property was occupied by a mix of medical and dental tenants, as well as general professional tenants.
VITAL STATISTICS
SANTA CLARITA MEDICAL CENTER
23206 Lyons Ave., Santa Clarita
Square Footage: 37,759
Deal Value: $11.3 million
The Santa Clarita Medical Center property is an approximately 37,759 square foot two-story medical/dental building situated on an approximately 65,122 square foot parcel. The property features a diverse mix of 24 professional medical suites, floor-to-ceiling window lines, an abundance of parking, and excellent street visibility. The medical center sits along a major thorough fare and is within 1.5 miles of the Henry Mayo Memorial Hospital. With a shortage of availability of similar-sized medical/dental suites for lease or sale in the area, this building presents a unique opportunity for the buyer to lease or sell the units individually as medical condos.
