Contacts

Scott Romick

Lee & Associates

Property Details

Property Type Office - Medical Office
Property Size 44,686 SF
Lot Size 1.48 Acre
Additional Rent Contact for pricing
Parking Ratio 3.00 / 1,000 SF
Property Tenancy Multi-Tenant
Building Class A
Year Built 1982
Year Renovated 2021
Date Updated Oct 18, 2024

The City of Tarzana is a small amenity rich, suburban community on the western end of the San Fernando Valley of Los Angeles. Tarzana is bordered by the neighborhoods of Encino to the east and Woodland Hills to the west. Tarzana and the San Fernando Valley as a whole are some of the most demanded and desirable markets in Southern California when considering the single digit vacancy rate, high barriers to entry, property values, and ease of transportation. As for residents, many enjoy the plentiful restaurants, historic monuments, recreational activities, cultural diversity, educational facilities, and the overall quality of life that the San Fernando Valley provides. Oasis Healthcare Center is located just 1 mile from the Providence Cedars-Sinai Tarzana Medical Center, a premier hospital that emerged from a collaboration between two renowned healthcare providers. Completed in 2023, this $624 million expansion has transformed the facility into a destination medical center for the region, significantly enhancing the Tarzana submarket. The project includes a six-story, 223,000-square-foot patient tower that adds 190 new rooms to the hospital, standing approximately 120 feet tall. LOCATION HIGHLIGHTS 1 Mile from Providence Cedars-Sinai Medical Center Excellent visibility along major thoroughfare Ventura Blvd Excellent Professional Office Location Affluent submarket with average household income of $129,686 Amenity rich neighborhood with 81 Walking Score Easy 101 Freeway AccessLee & Associates is pleased to present a unique opportunity to acquire Oasis Healthcare Center — a distinguished Medical Office Building located in Tarzana, at the heart of world-class healthcare in the San Fernando Valley. This newly renovated 44,686 square foot medical facility is the recipient of the prestigious AIA design award and offers a modernized and contemporary healthcare experience. Oasis Healthcare Center is strategically designed to surpass the competition and is among a select few approved medical properties situated near the newly established Providence Cedars- Sinai Hospital. Investors will benefit from a compelling purchase option on the ground lease at a fixed below market rate, ultimately allowing for a conversion to a fee simple investment.Medical Office Space for Lease.

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Highlights

Successfully Repositioned to Medical Office
Completed $5M Extensive Capital Renovation
Highly Advantageous Ground Lease
High Demand Medical Submarket
Stable Cash Flow
Significant Tax-Saving Depreciation Advantages
Striking Modern Architectural Medical Design
Unique Medical Owner User Opportunity

Attachments

Oasis Healthcare Center OM - Summary.pdf (PDF) opens in new window

Getting around

81/100
Walk Score ®
44/100
Transit Score ®
54/100
Bike Score ®

Powered by Walk Score ®

City Tarzana, CA
Neighborhood Tarzana
Zip Code 91356
Market Los Angeles

Points of Interest

Lower Tram Station

7.53 miles
Upper Tram Station

8.06 miles

United Oil

0.28 miles
Mobil

1.00 miles
Arco

1.34 miles
Arco

1.68 miles
76 Gas Station

2.02 miles
7-Eleven

2.19 miles
Mobil

2.23 miles
Shell

2.28 miles
Mobil

2.37 miles
Costco Gasoline

2.72 miles

2

1.05 miles
Admissions Parking Lot 1

1.18 miles
Staff Parking

1.23 miles
Parking Lot 3

1.23 miles
Parking Lot 4

1.33 miles
Stadium Parking Lot 5

1.35 miles
Performing Arts Parking Lot 6 East

1.38 miles
Performing Arts Parking Lot 6 West

1.46 miles
Victory Parking Lot 7

1.54 miles
El Rancho Parking Lot 8

1.66 miles

St. George Inn & Suites

0.04 miles
818 Hotel + Pool, Ascend Hotel Collection

0.87 miles
Extended Stay America

0.92 miles
Courtyard by Marriott

2.04 miles
Hilton

2.41 miles
Knights Inn

2.48 miles
Best Western

2.61 miles
Tokyo Princess Inn

2.66 miles
Warner Center Marriott

2.67 miles
Holiday Inn Express

3.55 miles

Ralphs

0.72 miles
Whole Foods Market

0.97 miles
Vons

1.07 miles
Ross

1.10 miles
Gelsons

1.35 miles
Bazaar

1.36 miles
Vons

1.39 miles
Target

1.58 miles
Giacopuzzi Plaza

1.58 miles
Grocery Outlet

1.97 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.

19500 Ventura Blvd