19634 Ventura Blvd
Tarzana, CA 91356

Exceptional Medical Office Conversion Opportunity Hudson Partners, as exclusive advisor, is pleased to present a rare opportunity to acquire a three-story high-image medical office conversion opportunity located at 19634 Ventura Blvd in the city of Tarzana. The 23,828 gross square foot building is situated on 1.13 acres of land and has the required parking ratio of 5 per 1000 to convert the entire building to medical use. The property is currently 92% occupied with twenty-three tenants. The majority of the units have the infrastructure in place including plumbing and electrical necessary for medical conversion. Therefore, reducing a buyers cost for medical conversion and build-out. Furthermore 14 tenants (61%) are on a month to month lease and the remaining 9 tenants (39%) with an average remaining lease term of one year. The in-place leases provide passive cash flow and tremendous flexibility for future expansion in the event a medical group does not require all of the space. The property benefits from an irreplaceable amenity rich location, convenient access and exceptional visibility on Ventura Blvd. and 101 Freeway. Now is the time to take advantage of the market and protect your business from future rental market spikes. Rather than paying rent to a landlord or investing your money in an alternative investment, your rent will help subsidize the property mortgage and provide a more attractive after-tax return and a hedge against increasing rental rates. Due to changes in the way medicine is practiced, many physicians no longer require an office located on hospitals campus. Instead there is a growing trend by doctors to establish their practice in locations that are convenient for the patients they are severing. Subsequently, well located, off-campus medical office buildings, similar to the subject property have seen increased demand. As off-campus properties become more desirable, the rental rates are surpassing those on-campuses. In addition, when considering a community-based location, physicians are sensitive to the ease of access for their patients. The subject property' s abundant parking further distinguishes it as the ideal building in a supply constrained market for medical office buildings or medical conversion opportunities which will benefit from increased demand.