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High Image Medical/Dental Building Sales for $11.3 Million in Santa Clarita, CA

23206 Lyons Ave - 10-14-2022

Spectrum Commercial Real Estate Just Closed $11.3 Million Sale of Medical/Dental Building in Santa Clarita, CA

Valencia, CA – October 18, 2022Yair Haimoff, SIOR, Randy Cude, Andrew Ghassemi, and Matt Sreden of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of the Santa Clarita Medical Center (SCMC), a high-image medical/dental building in Santa Clarita, California.

Located at 23206 Lyons Avenue, the subject 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 thoroughfare and is within 1.5 miles of the Henry Mayo Memorial Hospital.

According to the team,

“ In addition to the existing asset and location, the overall setup allowing for the conversion of suites into condominiums lends intrinsic value to the property. Medical building investors and users seek assets close to major hospitals, and this property is a prime example of that.”

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.

The Property sold for $11,300,000.00, with Spectrum CRE™ representing both parties.

Call brokers for more information

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Medical Office Building in Prime Santa Monica Location Sells for $6 Million

1227 Lincold Blvd, Santa Monica California

Santa Monica, CA – February 11, 2022 – Senior Vice President Andrew Ghassemi and Executive Managing Director Yair Haimoff of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of a Medical Office Building located in the City of Santa Monica, California.

Spectrum CRE™ represented the Buyer and Coldwell Banker Commercial represented the Seller in the transaction.

Built in 1959, this freestanding 6,630 square foot Owner/User boutique medical office is located at 1227 Lincoln Boulevard, in the city of Santa Monica, CA. The building is currently at ±50% vacancy and features six medical suites, abundant surface parking, elevator access, storage, skylights, recent common area upgrades and a café on the ground floor.

The property is centrally located just south of the Wilshire and Lincoln signalized intersection – a few blocks from the Third Street Promenade, Santa Monica Place Mall and the Santa Monica Pier.

“Our client wanted to purchase a medical office building in the City of Santa Monica, however the low inventory for medical buildings made it difficult to find a suitable location” said Yair Haimoff. “After touring and negotiation on multiple facilities we finally located this building which met most of our clients’ building parameters.”

Despite the pandemic, the second half of 2021 saw an uptick in occupier interest. In the fourth quarter Los Angeles West dominated leasing with activity at 40% across the Greater Los Angeles area. Santa Monica saw the bulk of transactions from the tech and entertainment industry accounting for some of the largest deals of the quarter.

This Office building sold for $5,900,000.00.

Call brokers for more information.