2560 Colorado

2560 Colorado 2560 Colorado Blvd
Los Angeles, CA 90041

  • Unpriced

    Asking Price

  • Healthcare

    Property Type

  • 19,777

    Square Feet

  • 100%

    Occupancy

  • 12.00 Years

    WALT

  • 5.00/1,000

    Parking Ratio

Offering Summary

Offers Due 12/3/2021

Address

  • 2560 Colorado Blvd
    Los Angeles, CA 90041

Pricing

  • Asking PriceUnpriced
  • WALT12 Years

Details

  • Property TypeHealthcare
  • Listing StatusOffers Due 12/3/2021
  • Square Feet19,777
  • Occupancy100%
  • Year Built1974
  • Year Renovated2021
  • Building(s)1
  • Stories1
  • Parking Ratio5.00/1,000
  • Acres1.28
  • APN5682-026-034
  • TenancySingle

Address

  • 2560 Colorado Blvd
    CA 90041

Pricing

  • Asking PriceUnpriced
  • WALT12 Years

Details

  • Property TypeHealthcare
  • Listing StatusOffers Due 12/3/2021
  • Square Feet19,777
  • Occupancy100%
  • Year Built1974
  • Year Renovated2021
  • Building(s)1
  • Stories1
  • Parking Ratio5.00/1,000
  • Acres1.28
  • APN5682-026-034
  • TenancySingle

Description

Newmark is pleased to present the opportunity to acquire the fee-simple interest in 2560 Colorado Boulevard, a single tenant net leased medical office building with nearly 12 years of remaining lease term. Leased by Adventist Health Glendale since 2003, this critical outpatient facility is located just one mile from Adventist Health Glendale hospital in the Eagle Rock neighborhood of Los Angeles, California.

The property benefits from the proximity to the 515-bed Adventist Health Glendale hospital, the largest medical center serving the San Fernando Valley and the dominant medical demand driver in the Glendale submarket.

The medical office is 100% leased to Adventist Health Glendale, the same entity that operates the hospital one mile away, with a new 12-year lease extension. Adventist Health has occupied the property since 2003 and operates a physical therapy and wellness center that directly receives long-term patients as an outpatient facility for the Adventist Health Glendale hospital. Eagle Rock experienced a renaissance as an influx of younger millennials moves into the community following restaurants, retail, and a lower cost of living. The growing population and the demand from the hospital resulted in a Q3 2021 vacancy rate of just 2.3%, which follows a trend of sub 5% vacancy since 2015.

2560 Colorado Boulevard offers investors the opportunity to acquire a high-quality medical asset tied to a major hospital in a growing infill submarket of Los Angeles on the forefront of the next boom.

Deal Team

Sean Fulp

Sean Fulp

Executive Managing Director

310-407-6596 sean.fulp@nmrk.com

CA RE Lic. #01389064

Mark Schuessler

Mark Schuessler

Managing Director

310-201-2075 mark.schuessler@nmrk.com

CA RE Lic. #02033871

Ryan Plummer

Ryan Plummer

Managing Director

310-407-6570 ryan.plummer@nmrk.com

CA RE Lic. #01765854

Jordan Garcia

Jordan Garcia

Financial Analyst

310-201-2072 jordan.garcia@nmrk.com

CA RE Lic. #02090086