PRICE: $5,500,000

 

Two-Story Medical Office + Parking Lot​

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The Hirth Group’s team consisting of Ethan Donel, Alex Reyhan, and Daniel Hirth have been exclusively retained by ownership to facilitate the sale of 14602 Victory Boulevard. Built in 1956, this two-story medical office building consists of two separate parcels – one pertaining to a ±15,691 SF building on a ±12,983 SF hard corner lot with an additional parking lot in the rear of ±13,006 SF, totaling ±25,989 SF of land. The ground floor is home to three (3) large medical suites (101/101A/150). Each suite has multiple exam and operating rooms with leaded walls including their own respective reception areas, bathrooms, hallways, and storage rooms. Additionally, the ground floor shares a beautiful outdoor patio with fresh greenery for patrons to enjoy. The second floor consists of an additional three large suites (200/206/208) all of which have gone through renovations with new flooring, reception areas, bathrooms, including individual executive suites. Furthermore, the property is equipped with an elevator lift to the second floor, secured access in the front and rear, recently renovated staircase, and dedicated handicap parking spots.

 

*  Property is subject to AB2097 which eliminates existing parking requirements for all uses. Buyer to confirm building use/parking requirements with the city of Los Angeles.

With a high demand of medical office space in Van Nuys, and very minimal supply, this opportunity is ideal for an owner user to take advantage of SBA financing with as little as 10% down, while owning a medical office building in one of the most desired submarkets of the San Fernando Valley! Additionally, an owner-user could occupy a majority of the building while tenanting the additional units for passive income.

 

Van Nuys, nestled in the heart of the San Fernando Valley, is undergoing a transformative renaissance, marked by a plethora of new developments. Among these exciting changes is the eagerly anticipated arrival of the Metro down Van Nuys Boulevard, promising enhanced connectivity and accessibility to residents and visitors alike. This expansion is set to revolutionize transportation options, easing traffic congestion and providing efficient access to neighboring communities and beyond. Alongside this infrastructural advancement, Van Nuys is witnessing a surge in mixed-use projects, including modern residential complexes, dynamic retail destinations, and enticing dining options reflecting the area's cultural diversity.