Back To Listings
Click on image to zoom

Royal Medical Plaza

2045 Royal Avenue
Simi Valley, CA 93065
Availability: Price:$6,500,000 Size:24,417 SF
Shipping: Marcus & Millichap is pleased to present the sale of Royal Medical Plaza
Pricing: $0.00
Qty:

Description

Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

DAVID BENJAMIN | Associate


Member: National Healthcare Group
License: CA 01934605
Dir: (858) 373-3165
Cell: (303) 386-5291
david.benjamin@marcusmillichap.com

Description

Royal Medical Plaza is a two story medical office building in the Los Angeles suburb of Simi Valley. The recently renovated building features modern interior and exterior finishes in a serene, parklike setting. Benefiting from the shift in the medical community to a more patient-focused approach, wherein individuals place more emphasis on modern amenities and proximity to their residences and retail, Royal Medical Plaza fits the model of the future.

Located near the crossing of the city’s major thoroughfares, its affluent neighborhoods, and less than three miles from the hospital, the property is positioned to attract tenants from across the medical spectrum. The property is well located near both the 118 and 23 Freeways, allowing easy access to patients from the San Fernando and Conjeo Valley, as well as Simi Valley.

The property is currently 100% leased to a diverse and synergistic roster of community serving medical tenants. The building is ideally designed with small, flexible unit sizes, shallow bay depths, large windows, and updated, attractive lobbies. Extensive aesthetic and mechanical renovations position Royal Medical Plaza as the most desirable medical office building in the Simi Valley Submarket. With medical office fundamentals strong in the community, Royal Medical Plaza is primed to capture further rent growth in the future.

Features

  • Stable and Secure Income - Medical Tenant with Long-Term Leases
  • 100 Percent Occupied - 15 Tenant with Staggered Expirations
  • Pride OF Ownership - High Quality Design in Southern California

Sales Price

$6,500,000

Net Rentable Area

24,417 SF

Cap Rate

6.40%

Details

  • 22932251
  • Office
  • Price:$6,500,000 Size:24,417 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to present the sale of Royal Medical Plaza

Customer Reviews

Comment Total Reviews (0)

Write the First Review!

You must login to post a review.