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8737 Beverly Blvd 28 080 pi² 69% Loué Bureau Immeuble West Hollywood, CA 90048 26 809 185 $ CAD (954,74 $ CAD/pi²) 3,31% Taux de capitalisation
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Faits saillants de l'investissement
- Medical Office directly across from Cedars-Sinai
- Trophy property first time on the market in 27 years
- Upside in tenanting vacant spaces
- Walker's Paradise - 93 Walk Score
- Blue-Chip Tenant Base
Résumé de l'annonce
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.
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.
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Bureau
Sous-type de propriété
Médical
Taille du bâtiment
28 080 pi²
Classe d’immeuble
B
Année de construction
1980
Prix
26 809 185 $ CAD
Prix par pi²
954,74 $ CAD
Taux de capitalisation
3,31%
Revenu net d’exploitation
887 699 $ CAD
Pourcentage loué
69%
Location
Multiples
Hauteur du bâtiment
4 étages
Superficie de plancher typique
7 020 pi²
Coefficient d’occupation des sols de l’immeuble
1,15
Taille du lot
0,56 AC
Zonage
WDC2A
Stationnement
115 places (4,1 places par 1 000 pi² loué)
Commodités
- Ligne d'autobus
- Terrain clôturé
- Affichage
- Accessible aux fauteuils roulants
- Agents de sécurité sur place
Principaux locataires Cliquez ici pour accéder à
- Locataire
- Secteur
- pi² Occupé
- Loyer/pi²
- Fin du bail
- Phillip R Fleshner, MD
- Soins de santé et assistance sociale
- -
- -
-
Jan 0000
Phillip R Fleshner, MD operates a medical practice established in 2021 in California. The practice focuses on colorectal surgery and inflammatory bowel disease treatment. The physician has contributed over 100 peer-reviewed publications about surgical techniques and patient outcomes. The practice holds multiple academic positions, including Clinical Professor of Surgery at UCLA. The medical practice provides both clinical care and participates in colorectal surgery research initiatives.
| Locataire | Secteur | pi² Occupé | Loyer/pi² | Fin du bail | ||
| Phillip R Fleshner, MD | Soins de santé et assistance sociale | - | - | Jan 0000 |
Exceptionnellement practicable à pied
90/100
Moyennement facile d'accès en voiture
70/100
Bons transports en commun
60/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéro de lot | 4336-001-036 | Évaluation des bâtiments | 11 476 739 $ CAD |
| Évaluation du terrain | 4 307 267 $ CAD | Évaluation totale | 15 784 006 $ CAD |
Impôts fonciers
Numéro de lot
4336-001-036
Évaluation du terrain
4 307 267 $ CAD
Évaluation des bâtiments
11 476 739 $ CAD
Évaluation totale
15 784 006 $ CAD
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8737 Beverly Blvd
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