For Sale
$14,000,000

3680 Imperial HwyLynwood, CA 90262

Value-add medical office building; high upside potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional value-add opportunity presents a five-story, 65,318 square foot medical office building situated on 2.01 acres in Lynwood, California. Located within 250 yards of the 384-bed St. Francis Medical Center, this Class B property boasts a prime location within a strong outpatient medical market. Currently 74.5% occupied by twelve established medical tenants, the weighted-average lease term is approximately 2.2 years. The building offers significant upside potential through leasing the remaining vacancy at rents projected to be 15-20% higher than current rates, attracting high-credit health systems seeking long-term commitments. Built in 1982, this multi-tenant property offers a compelling investment opportunity with a current NOI of $991,227 and a 7.08% cap rate. The asking price is $14,000,000, translating to $214.34 per square foot. The Lynwood area's established outpatient medical submarket, coupled with the limited availability of comparable properties, makes this a rare and attractive investment. The property's proximity to St. Francis Medical Center contributes to higher tenant reimbursements. This presents a unique chance to capitalize on the robust demand for medical office space in this thriving Los Angeles County location. The address is 3680 E Imperial Hwy, Lynwood, CA 90262.

Highlights

  • Value-add medical office building investment opportunity near St. Francis Medical Center in Lynwood, CA.
  • Campus-adjacent location, within 250 yards of a 384-bed hospital, offering higher tenant reimbursements.
  • 74.5% occupancy with 12 established medical tenants; approximately 2.2-year weighted-average lease term.
  • Significant upside potential: lease up remaining vacancy at 15-20% higher rents.
  • $14,000,000 asking price, 7.08% cap rate, $214.34/SF, 65,318 rentable square feet, $991,227 NOI.

Property Details for 3680 Imperial Hwy

Property type
Office properties, Medical offices
Square Feet
65,318 SF
Class
B
Year Built
1982
Buildings
1
Stories
5
Lot Size (sq. ft)
87,556 SF

Location Insight

City
Lynwood
County
Los Angeles
State
California
Latitude
33.9318538
Longitude
-118.2009874
3680 Imperial Hwy, Lynwood, California

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3680 Imperial Hwy
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