Property Description

 The Subject Property is a free-standing medical office building consisting of approximately 16,075 sq. ft. that was built in 1977 specifically as a medical facility. The breakdown of the space is as follows:

First Floor Space

The 1st Floor medical space was formerly occupied by Friendly Hills Medical Group and was utilized for a multi-specialty internal medical practice.  The space consists of a patient waiting room, 18 exam rooms, 7 physician consultation rooms, 6 bathrooms, laboratory, business office, and 2 larger treatment rooms--one with a full shower.  The space is well designed and has an excellent floor plan allowing a busy medical practice to efficiently treat a high volume of patients.

There is a separate small space on the 1^st floor that was previously occupied by an independent pharmacy since approximately 1977; however, the pharmacy vacated the premises after Friendly Hills Medical Group vacated their space on the 1^st floor.

Second Floor Space

A dialysis clinic previously occupied approximately 7,055 sq. ft. on the 2nd Floor.  The dialysis space consists of a large open patient dialysis area, a conference room, large separate men’s and women’s restrooms, and various rooms for support staff space and dialysis equipment. 

There is also an approximate 1,200 sq. ft. x-ray facility on the 2^nd Floor.  This space contains two patient x-ray rooms in addition to support areas/rooms serving the x-ray facility.

Basement 

There is basement of approximately 8,555 sq. ft. that is used for underground parking. Portions, of the basement are used for the dialysis equipment as well as various storage spaces.  There is a roll up door that provides security for the basement area.

Amenities

The Subject Property was specifically built as a first class medical facility and has many features essential for operating a medical office such as handicap access—i.e. wheel chair ramps, wide hallways, handicap restrooms, and elevator access to all floors including the basement area.  The elevator is a large elevator and can accommodate a wheelchair or a patient gurney.  The exam rooms have plumbing and extensive built in cabinetry for medical supplies and equipment.  There are also on-site areas for a laboratory, x-ray facility and pharmacy making this a convenient one-stop medical facility.

Investment Opportunity

The Subject Property offers a medical group the opportunity to own their own their medical building instead of paying rent.  In addition, an Owner/User medical group can occupy a portion of the building and lease out remaining balance that they can occupy in the future should they choose to expand.   The 1^st Floor is built out with many exam rooms while the 2^nd Floor has an open floor plan creating many possibilities for an Owner/User medical group.  For example, an Owner/User medical group such as cardiologists or orthopedics could occupy the ground floor as traditional medical offices and put a rehab facility/gym on the 2^nd floor.  Given the extensive medical tenant improvements, the Subject Property is priced below replacement cost for a comparable medical facility.

Touring the Premises

In order to set-up on-site tours of the Subject Property please contact the Listing Broker, Kenneth B. Dauer at 310-275-1414.