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UCLA Health Expands at Encino Location

The Regents of University of California – Los Angeles have signed a lease to assume approximately 27,215 square feet of medical office space for UCLA Health, according to Yair Haimoff, founder of the recently formed brokerage Spectrum Commercial Real Estate Inc. in Santa Clarita.

Haimoff signed UCLA Health to a new decade-long commitment. Planning and construction of tenant improvements at the space are currently underway.

Centrally situated in Encino and also serving Tarzana and Sherman Oaks, UCLA Health’s Encino Arches will be comprised of primary and specialty medical offices.

In 2016, Haimoff assisted UCLA by securing approximately 17,000 square feet at Encino Arches at 15503 Ventura Blvd. When the need for an additional 20,000 to 30,000 square feet of medical space arose, Haimoff helped the health system secure more space at the same location.

Haimoff previously worked as a broker with NAI Capital and managed its Valencia office. He negotiated UCLA lease at the end of 2017 as he transitioned from NAI to starting his own firm.

“It was inked after I left NAI and was with Spectrum,” Haimoff told the Business Journal.

Based in Valencia, Haimoff’s Spectrum Commercial Real Estate is a full-service commercial real estate firm with additional offices in Encino and Century City. Haimoff started Spectrum in January.

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Bold Commercial Real Estate Investment

Bold Commercial Real Estate Investment

With tax laws tailored to favor the bold, investments in commercial real estate is how the ultra-wealthy make money.

We now know that about 80% of millionaires contribute their financial success to real estate and that savvy investors place their claims in the commercial sector.

Yet, the market’s accessibility does not end at the wealthy elite.  With a dynamic range of financing options commercial real estate is obtainable to anyone with the drive for success.

Commercial real estate, an attractive option for all involved.

CRE buildings attract long-term tenants, which translates into a secure and consistent cash flow. Businesses benefit from steady long-term leases, since it establishes them in the community, and offers stability for their employees.
Long-term leases have the added benefit of being more favorable to banks, should you decided to sell or refinance your CRE property.

Scale economy, more units; less money (overall).

By owning a multi-unit building, you can negotiate more favorable contracts with outside vendors and maintenance teams.

This benefit is directly proportionate to the number of units available in a building, which drives down prices and causes companies to directly compete for your business; you can even decrease expenses by re-negotiating operating cost.

The flexible nature of CRE investments allows for clever amortization of big expenses, which means lowered long-term cost and better quarterly returns.

Did you know?

The IRS has given CRE owners many tools to help drive down taxes on their properties. One such tool is depreciation.
CRE buildings will start to depreciate at 27.5 years, and you can remove a portion of the building’s depreciation value from your yearly profits, lowering the amount of taxable income.
This is effect can be furthered by a cost segregation study, which allows you to accelerate depreciation value on tangible assets such as appliances, carpets, and light fixtures, to name a few.
 
In short, commercial real-estate is the sure-fire way to increase your ROI. Let us examine how we can put cash back in your wallet.