Contacts
Peak Commercial
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.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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77/100
Walk Score ®
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35/100
Transit Score ®
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57/100
Bike Score ®
Location
- City Granada Hills, CA
- Neighborhood Granada Hills
- Zip Code 91344
- Market Los Angeles
Points of Interest
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Sylmar/San Fernando
3.65 miles
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Van Nuys
4.80 miles
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Newhall
8.17 miles
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North Hollywood
9.71 miles
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Burbank Airport–South
9.81 miles
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Shell
0.66 miles
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Mobil
0.85 miles
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Thrifty
1.11 miles
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76
1.12 miles
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Chevron
1.15 miles
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Union 76
1.25 miles
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Tesla Supercharger
1.39 miles
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Chargie
1.89 miles
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Sinclair
2.04 miles
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Gulf
2.08 miles
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St Stephen'S Luthern Church Park And Ride
1.34 miles
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Lot G10
1.44 miles
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Lot G9
1.55 miles
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Lot G8
1.57 miles
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Lot F10
1.59 miles
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Lot F9
1.62 miles
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Lot F8
1.68 miles
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Lot G7
1.68 miles
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Lot E9
1.71 miles
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Valley Inn
1.95 miles
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Granada Inn
2.19 miles
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Hometown Inn
2.48 miles
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Pink Cloud Motel
2.51 miles
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Good Knight Inn
2.58 miles
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Hotel L.A.P.D.
2.59 miles
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Budget Inn
2.66 miles
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Midtown Inn
2.68 miles
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Hill Crest Inn
2.71 miles
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Sepulveda Inn Motel
2.87 miles
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Devonshire Plaza
0.43 miles
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Ralphs
0.45 miles
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North Hills Shopping Center
0.48 miles
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Ross
0.57 miles
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Vons
0.61 miles
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Trader Joe's
0.68 miles
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Target
0.70 miles
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Sprouts Farmers Market
1.27 miles
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TJ Maxx
1.35 miles
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Burlington
1.36 miles
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.
