Contacts

David Meir

Peak Commercial

Jack Minassian

Peak Commercial

Property Details

Property Type Office
Property Size 69,520 SF
Lot Size 1.39 Acre
Additional Rent Contact for pricing
Parking Spaces Avail. 278
Parking Ratio 4.00 / 1,000 SF
Building Class B
Year Built 1989
Year Renovated 1995
Date Updated May 9, 2023

Peak Commercial and Anvers Capital Partners present an outstanding investment opportunity in the medical office space with the Balboa Medical Plaza. This three-story, ±66,087-square foot medical office building and four-story parking structure are situated in Granada Hills (Los Angeles), California, and provide a unique value-add opportunity for investors.

Balboa Medical Plaza is one of the premier buildings in its submarket, thanks to its unique architecture, ample parking, and history of attracting large healthcare tenants.

Balboa Professional provides stable cash flow, with the County of Los Angeles recently having extended their lease for 9 years and Kaiser Permanente having exercised an recent extension option.

Presently ±66.86 percent occupied, the property provides the potential to create significant value through strategic repositioning and lease-up. The high visibility along Balboa Blvd, with a traffic count of approximately ±37,000 cars per day, and spanning block to block, provides an excellent opportunity for tenants to establish a prominent presence in the area.

Granada Hills is a highly desirable location for medical professionals and office spaces, with excellent demographics and easy accessibility to major arterials. The area has over ±542,540 people living within a 5-mile radius, providing a vast potential patient base for medical professionals to expand their practices. The average household income of ±$103,391 within a 1-mile radius further demonstrates the area's affluence and potential for growth.

Investors have the potential to generate strong returns on their investment through strategic repositioning and lease-up of the medical office building. With excellent demographics, a desirable location, stable cash flow, and a history of attracting large healthcare tenants, Balboa Medical Plaza presents a rare value-add opportunity for investors seeking to capitalize on the growth of the medical office sector.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

BalboaFlyer (PDF) opens in new window

Getting around

77/100
Walk Score ®
35/100
Transit Score ®
57/100
Bike Score ®

Powered by Walk Score ®

City Granada Hills, CA
Neighborhood Granada Hills
Zip Code 91344
Market Los Angeles

Points of Interest

Sylmar/San Fernando

3.65 miles
Van Nuys

4.80 miles
Newhall

8.17 miles
North Hollywood

9.71 miles
Burbank Airport–South

9.81 miles

Shell

0.66 miles
Mobil

0.85 miles
Thrifty

1.11 miles
76

1.12 miles
Chevron

1.15 miles
Union 76

1.25 miles
Tesla Supercharger

1.39 miles
Chargie

1.89 miles
Sinclair

2.04 miles
Gulf

2.08 miles

St Stephen'S Luthern Church Park And Ride

1.34 miles
Lot G10

1.44 miles
Lot G9

1.55 miles
Lot G8

1.57 miles
Lot F10

1.59 miles
Lot F9

1.62 miles
Lot F8

1.68 miles
Lot G7

1.68 miles
Lot E9

1.71 miles

Valley Inn

1.95 miles
Granada Inn

2.19 miles
Hometown Inn

2.48 miles
Pink Cloud Motel

2.51 miles
Good Knight Inn

2.58 miles
Hotel L.A.P.D.

2.59 miles
Budget Inn

2.66 miles
Midtown Inn

2.68 miles
Hill Crest Inn

2.71 miles
Sepulveda Inn Motel

2.87 miles

Devonshire Plaza

0.43 miles
Ralphs

0.45 miles
North Hills Shopping Center

0.48 miles
Ross

0.57 miles
Vons

0.61 miles
Trader Joe's

0.68 miles
Target

0.70 miles
Sprouts Farmers Market

1.27 miles
TJ Maxx

1.35 miles
Burlington

1.36 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

10605 Balboa Blvd