surgical center and medical office

Steve Body MA, MSF, MSTA, [email protected]

DRE Lic # 01927373

Surgical Center and Medical OfficeAsset Sale with Long-Term LeaseSurgical Center and Medical OfficeAsset Sale with Long-Term Lease

Table of Contents

01 Property

02 Location

03 Photos

Steve Body MA, MSF, MSTA, [email protected] Lic # 01927373

Prepared by:

No warranty, expressed or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Steve Body, MA, MSF, MSTA Vice President • 818-852-9255 • NAI Capital • Grant Bullen, Associate • 818-815-24144

10921 CHERRY STL O S A L A M I T O S , C A 9 0 7 2 0

Proper ty Overview

NAI Capital is pleased to introduce 10921 Cherry St

Los Alamitos, CA 90720 – a long-term sale-leaseback

investment opportunity.

The Property is a modern 3 story, approximately 7,250

SF Ambulatory Surgical Center and Medical Office.

This high-capacity surgical center was built in 2003

and has 4 Operating Rooms, 7 Recovery Beds, and

administrative offices spanning the entire 3rd floor. The

surgical center is Medicare certified and it is accredited

by AAAHC.

The Property is fully occupied by two Tenants who have

been in the building for 16 years – Los Alamitos Surgery

Center and Ocean Plastic Surgery Center. Both Tenants

recently signed a new 12-year NNN lease with 2 x 5

year renewal options.

The Property is located next to the Los Alamitos

Medical Center, a 167-bed acute-care multi-specialty

hospital with Gross Patient Revenues over $1.66

Billion in 2018. The Hospital employs over 1,100

people, including over 750 clinical staff who served

about 150,000 patients, including emergency room

visits.

The Property enjoys an extremely desirable

location facing the hospital campus. This is an ideal

opportunity for a Healthcare investor looking for a high-

quality asset with long-term NNN leases in place.

5620 WILBUR AVE #305TA R Z A N A , C A 9 1 3 5 6

Steve Body MA, MSF, MSTA, CHFP | 818.852.9255 | [email protected] | MedREInvestor.com 4

We are pleased to introduce 5620 Wilbur Ave #305 Tarzana, CA 91356, a modern Ambulatory Surgical Center (ASC) and Medical Office Space. This opportunity is a Surgical Center asset sale with a long-term lease in place.

The Property is a +/-3,000 SF modern surgical center with medial office space located on the 3rd floor of a larger modern medical office building immediately facing the elevator.

• 1 Fully Equipped Spacious Modern OR

• 3 Pre /Post Op Recovery Beds

• 3 Exam Rooms

• 1 Doctor’s Office

• 6 Reserved Parking Spaces / Unlimited Patient Parking

• Accredited by Joint Commission

The building is located adjacent to US Freeway 101 with about 280,000 cars per day and it is close to The Tarzana Hospital a 246-bed acute care medical center that is undergoing a $643 Million expansion. The new 463 bed Hospital will open in 2023.

Steve Body, MA, MSF, MSTA Vice President • 818-852-9255 • NAI Capital • Grant Bullen, Associate • 818-815-24145


Proper ty Highlights

B U I L D I N G :

• 7,250 SF Freestanding Multi-Specialty Surgical Center & Medical Office Building

• Orthopedic Surgery, General Surgery, Podiatry, Pain Management, Urology,

Plastic Surgery and GI

• Medicare Certified and Accredited by AAAHC

• 1st Floor - High-Capacity Ambulatory Surgical Centers with 3 Operating Rooms

and 6 Recovery Beds

• 2nd Floor – A single OR Plastic Surgery Center with 1 Recovery Bed. AAAHC

Accredited.

• 3rd Floor – Administrative Offices

• Long-term Investment Opportunity with 12-year NNN Leases. 2 x 5 Year

Renewal Options

• Highly Desirable Location next to Los Alamitos Hospital Campus

• 6.00% Cap Rate

• Convenient Patient Parking - Additional Parking Lot



SURGICAL CENTER

MEDICAL OFFICE

• 1 Fully Equipped Modern OR

• 3 Recovery Beds

• 1 Interior Bathroom

• Clean Room

• Soil Room

• Biohazard Area with Large Autoclaves

• Medical Gas

• Back Up Generator

• $200,000+ Spent on Renovation Last Year


• Former Podiatry and Pain Management Center

• Modern Reception and Waiting Areas

• 3 Exam Rooms with Patient Chairs/Table

• 2 Fully Furnished Doctor’s Offices

• 1 Business Suite


Steve Body MA, MSF, MSTA, CHFP | 818.852.9255 | [email protected] | MedREInvestor.com 6Steve Body, MA, MSF, MSTA Vice President • 818-852-9255 • NAI Capital • Grant Bullen, Associate • 818-815-24145


Proper ty Highlights

B U I L D I N G :

• 7,250 SF Freestanding Multi-Specialty Surgical Center & Medical Office Building

• Orthopedic Surgery, General Surgery, Podiatry, Pain Management, Urology,

Plastic Surgery and GI

• Medicare Certified and Accredited by AAAHC

• 1st Floor - High-Capacity Ambulatory Surgical Centers with 3 Operating Rooms

and 6 Recovery Beds

• 2nd Floor – A single OR Plastic Surgery Center with 1 Recovery Bed. AAAHC

Accredited.

• 3rd Floor – Administrative Offices

• Long-term Investment Opportunity with 12-year NNN Leases. 2 x 5 Year

Renewal Options

• Highly Desirable Location next to Los Alamitos Hospital Campus

• 6.00% Cap Rate

• Convenient Patient Parking - Additional Parking Lot

SURGICAL EQUIPMENT• Translucent OR Table

• Diving Board Pain Table

• Small C - Arm with Laser Pointer

• Arthroscopic Tower 1288

• Large Modern Autoclave and Sterilizer v120

• 3 Recovery Beds

• 3 Patient Monitors

• Anesthesia Cart

• Crash cart with Defibrillator

• Full Office Furniture

• Full Front Office – Computer and Phone Systems, Fax, Commercial Printer




PROPERTY DETAILS

BUILDING SIZE 54,584 SF

YEAR BUILT 1986

SURGICAL SUITE RENOVATION 2019

ASC/MOB SIZE +/-3,000 SF

ACCREDITATION JOINT COMMISSION

STAFF PARKING 6 RESERVED

ASSET SALE PRICE $275,000

SURGICAL CENTER LEASE RATE $3.15/SF – FSG (INCLUDES PROPERTY EXPENSES / UTILITIES / PARKING)

FINANCING 100% SBA FINANCING AVAILABLE

FINANCEABLE - LONG-TERM LEASE IN PLACE



NURSESTATION

CLEANBED3

OPERATINGROOM

BED2 DIRTY

BED1EXIT

MEDGASESEQUIPMENTROOM BATHROOM AUTOCLAVE UTILITYROOM

BUSINESSOFFICEDOCTOR'SOFFICE WAITINGROOM

ENTRANCERECEPTION

DOCTOR'SOFFICEEXAM3 EXAM2 EXAM1

1

Floor PlanNot drawn to scale.



SITE

SITE

1 - Rimal Medical Building

2 - VIP Urgent Care

3 - Tarzana Medial Center

4 - Whole Foods Market

5 - Castel Dermatology Institute

6 - MVP Pediatric Urgent Care

7 - Walgreen’s Pharmacy

8 - CVS Pharmacy

9 - The Cardiovascular Institute

10 - Cedars-Sinai Medical Center

11 - Facey Medical Group

12 - Providence Cedars- Sinai Tarzana Hospital

12

3

45 6

7

8

9

10

11

12



HOSPITALSSubject Property

1 - Encino Hospital

2 - Sherman Oaks Hospital

3 - Providence Cedars-Sinai Medical Center

4 - Providence Holy Cross Medical Center

5 - Providence Health & Services

6 - Valley Presbyterian

7 - Pacifica Hospital of the Valley

8 - USC Verdugo

9 - Adventist Health Glendale

10 - Dignity Health Glendale Memorial

11 - Dignity Health Northridge Hospital

12 - Kaiser Permanente General Hospital

13 - Cedars-Sinai Medical Center

14 - The Doctors of Saint John’s

15 - UCLA – Ronald Reagan Medical Center

16 - UCLA - Olive View Medical Center

17 - UCLA – MPTF

18 - Southern California Hospital at Hollywood

19 - Olympia Medical Center

20 - Kaiser Permanente Woodland Hills

21 - West Hills Hospital and Medical Center

22 - Los Robles Regional Medical Center

23 - Thousand Oaks Surgical Hospital

16

4

7

6

2 5

8

9

10

1218

13

1915

14

1320

21

17

23

2211



LOCATION HIGHLIGHTS

• The Surgical Suite is in a Well-Known Medical Office Building in Tarzana• 3 Blocks from Providence Cedars-Sinai Tarzana Medical Center• High Visibility Location Between Ventura Blvd and Rt 101• Immediately Adjacent to Rt 101 just One Block North – One of the Busiest

Highways in Los Angeles. • Traffic Count per Day – 280,000 Car on Rt 101 / 67,600 Cars on Ventura Blvd• Former Out-Of-Network Pain Management and Podiatry Practice

Providence Cedars-Sinai Tarzana Medical CenterProvidence Cedars-Sinai Tarzana Medical Center is recognized by Healthgrades® as one of the top 50 hospitals in the U.S. Established in 1973, the 246 bed short-term acute care multidisciplinary hospital excels in heart, vascular, orthopedic, cancer and women’s services and has a nationally recognized diabetes center. The Hospital houses a Cardiac Cath Lab and a Level III Neonatal Intensive Care Unit (NICU) that ranks in the top 10%. The Tarzana Medical Center is undergoing a $643 Million expansion that will add 190 private beds, 274,000 SF of space for patient care and parking for 565 additional vehicles by 2023.The renovated Hospital will open in 2023 with 463 beds.

Total Patient Revenue $1.3 BillionDischarges 12,823Licensed Bed 246 / 463 (After Renovation)



WILBUR MEDICAL PLAZAThis high-demand, three-story, 54,584 SF Medical Office Building was built in 1986. The property underwent large scale renovation in 2013, which included modern interior/exterior finishes, new signage, an on-site pharmacy, and renovated restrooms, corridors, elevators and common areas and lobby. The building enjoys Highway visibility from Rt-101 with over 278,000 cars per day and it is located off of the popular Ventura Blvd with 67,600 cars per day. It is located just three (3) blocks from the Tarzana Medical Center, a well-known hospital serving the greater San Fernando Valley since 1973. The Hospital is operated as a joint venture between Cedars-Sinai and Providence Health, the third largest not-for-profit health system in the United States. Tarzana Medical Center is undergoing a $643 Million expansion that will add 190 private beds. The renovated Hospital will open in 2023 with a total of 463 beds.



Tarzana, CATarzana is a highly desirable suburb in the West-End of Los Angeles just a short drive from Calabasas and Beverly Hills. The City enjoys a sophisticated social life primarily centered around brand name restaurants and entertainment venues on Ventura Boulevard close to the Property. The area has an above average income with high consumer spending and strong demand for elective medical procedures. Medical services to the area are provided by some of the most well know healthcare networks in Los Angeles - UCLA, Cedars-Sinai, and Providence. Many residents have private PPO insurance and maintain strong demand for out-of-network services.

Market Area - 5 Mile Radius

Average HH Income $74,515

Households 159,505

Total Employment 239,737

Estimated Population 454,753

Total Health Care Spending $242 Million

Total Consumer Spending $4,7 Billion

NAI Capital Encino15821 Ventura Blvd.Suite 320Encino, CA 91436www.naicapital.com

Steve Body, MA, MSF, MSTAVice [email protected] DRE Lic #01927373

Primary Contact

No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. Logos are for identification purposes only and may be trademarks of their respective companies. NAI Capital, Inc. Cal DRE Lic. #01990696.

NAI Capital Southern Cal i fornia Off ice Locations

Headquarters15821 Ventura Blvd., Suite 320 Encino, CA 91436818.905.2400

Property Management1201/2 South El Camino Real, Suite 210San Clemente, CA 92674 949.874.0415

High Quality Ambulatory Surgical Center & Medical Office Adjacent to Los Alamitos Hospital

Los Angeles County

Downtown LA601 S. Figueroa St., Suite 3825Los Angeles, CA 90017 213.632.7700

West Los Angeles11835 Olympic Blvd., Suite 700ELos Angeles, CA 90064 310.440.8500

Torrance970 W. 190th St., Suite 100Torrance, CA 90502 310.532.9080

Pasadena225 S. Lake Ave., Suite 1170Pasadena, CA 91101 626.564.4800

Valencia25060 Avenue Stanford Suite 165Valencia, CA 91355

Diamond Bar21660 E. Copley Dr., Suite 320Diamond Bar, CA 91765 909.348.0600

Ventura County

Oxnard300 Esplanade Dr., Suite 1660Oxnard, CA 93036805.278.1400

Westlake Village2555 Townsgate Rd., Suite 320Westlake Village, CA 91361 805.446.2400

Orange County

Irvine1920 Main St., Suite 100Irvine, CA 92614 949.854.6600

Inland Empire

Ontario800 N. Haven Dr., Suite 400Ontario, CA 91764 909.945.2339

Temecula27720 Jefferson Ave., Suite 330Temecula, CA 92590 951.491.7590

Victorville13911 Park Ave., Suite 206Victorville, CA 92392760.780.4200

Coachella Valley

Palm Desert75-410 Gerald Ford Dr., Suite 200Palm Desert, CA 92211760.346.1566

661.705.3550

Steve Body MA, MSF, MSTA, [email protected] Lic # 01927373

No warranty, expressed or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein.

Calabasas23975 Park SorrentoCalabasas, CA 91302

Larchmont118 N. Larchmont BlvdLos Angeles, CA 90004

Beverly Hills439 N. Canon Dr. 3rd FloorBeverly Hills, CA 90210

Bakersfield5601 Truxtun Ave Ste 150Bakersfield, CA 93309

Long Beach6621 E. Pacific Coast Highway Ste 150 Long Beach, CA 90803

Headquarters4061 Laurel Canyon BlvdStudio City, CA 91604

West Hollywood9000 W. Sunset Blvd Suite 1100West Hollywood, CA 90069

Inglewood208 S. La Brea AveInglewood, CA 90301

Cerritos17785 Center Ct. DR. N #120 Cerritos, CA 90703

Westwood10960 Wilshire Blvd Unit 100 Los Angeles, CA 90024

Newport Beach680 Newport Center Dr. Ste 250Newport Beach, CA 92660

El Segundo830 S, CA-1 Ste 200El Segundo, CA 90245

Los Feliz1660 Hillhurst AveLos Angeles, CA 90027

La Mirada14241 Firestone Blvd Ste 100 La Mirada, CA 90638

KW Commercial Southern California Office Locations

Surgical Center and Medical OfficeAsset Sale with Long-Term Lease

surgical center and medical office

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