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Lakeside Community Health 1500 W Covina Pky 25,836 SF 100% Leased Office Building West Covina, CA 91790 $20,584,250 CAD ($796.73 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Leased to West Covina Medical Group | Strong corporate lease guaranty from Lakeside Medical Organization | Part of the Heritage Provider Network (HPN)
- Rare standalone single-tenant medical building on true NNN lease | No landlord responsibilities | Extreme ease of ownership
- 20-year successful operating history | Clear tenant commitment to site and patient demand | Early lease renewal | New Roof and elevator system
- Infill East Los Angeles, California location (482,000 people) | Proximity to Emante Queen of the valley Hospital (325-bed acute care facility)
Executive Summary
Lee & Associates is pleased to present for sale the fee simple interest in Lakeside Community Healthcare, a single-tenant medical office investment located at 1500 West Covina Parkway in West Covina, California within the Los Angeles MSA. The property consists of a 25,836 square foot, two-story medical office building situated on 1.53 acres with a strong parking ratio of 5 per 1,000 square feet. Originally constructed in 1963 and renovated in 2006 and 2010, the asset recently received a new roof and elevator systems in 2025, further enhancing its long-term durability.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
25,836 SF
Building Class
B
Year Built
1963
Price
$20,584,250 CAD
Price Per SF
$796.73 CAD
Cap Rate
6.50%
NOI
$1,337,976 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,918 SF
Building FAR
0.39
Lot Size
1.53 AC
Zoning
WCCR*
Parking
126 Spaces (4.88 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8474-002-019 | Improvements Assessment | $6,786,715 CAD |
| Land Assessment | $8,933,018 CAD | Total Assessment | $15,719,733 CAD |
Property Taxes
Parcel Number
8474-002-019
Land Assessment
$8,933,018 CAD
Improvements Assessment
$6,786,715 CAD
Total Assessment
$15,719,733 CAD
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Lakeside Community Health | 1500 W Covina Pky
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