6345 Balboa Blvd, Building 2 Encino, CA
High-Image Encino Owner-User Opportunity | Transit-Oriented Building Ideal for Medical Uses |
Marketing description
Strong Market Fundamentals Driven By Deep And Diverse Tenant Base
—Encino—due to its proximity to the Westside, affluent family oriented neighborhoods, and wealth of amenities—is the Premier San Fernando Valley office market and among Southern California’s top employment centers.
—Encino currently boasts one of the lowest vacancy rates in the Greater Los Angeles Area, at 13.7% at the end of 2025. There currently is no other building for sale in Encino with 20,000 SF to ±60,000 SF of availability.
Investment highlights
High-Image Owner-User Opportunity in Transit-Oriented Campus
—UNIQUE TRANSIT-ORIENTED CAMPUS — ENCINO CROSSING
Adjacent to the Balboa Station along the Orange Line Busway, an 18-mile dedicated, exclusive right of way which directly connects the campus to the Los Angeles Metro massTransportation system.
—COMPELLING MEDICAL-OFFICE USES — The building’s large floor plates offer flexible divisibility and turnkey conditions that would be ideal for diverse users. With a robust parking and a strategic ‘main-on-main’ location near the several hospital systems, the building is ideally suited for urgent care, ambulatory surgery, or specialized diagnostics.
—GIVEN ITS PROXIMITY TO A MAJOR PUBLIC TRANSIT HUB, THE CAMPUS QUALIFIES UNDER AB 2097 — Accordingly, the buildings can accommodate uses that require higher parking, such as medical, without needing a variance. There currently are no other buildings for sale in Encino that can accommodate a 20,000 SF to 60,000 SF owner-user.
—FLEXIBLE OWNERSHIP STRATEGY — Currently ±62% leased, the asset provides attractive in-place income while allowing an owner-user to grow its occupancy footprint as needed. ±27,687 SF can be delivered within the first year of the acquisition.
—SELLER CAN ACCOMODATE FULL BUILDING OR LARGER USERS.
Thoughtful-Designed Asset with Award-Winning Management
—The asset is part of an award-winning office campus consists of four ‘BOMA Building of the Year’ low-rise buildings reflecting high-quality construction and “pride-of-ownership” offering welcoming communal space, onsite dining, and subterranean and surface parking.
—With its adjacency to Sepulveda Basin Recreation Area, the building offers prominent building signage, excellent ingress/ egress, and superior frontage on Balboa and Victory Boulevard, with an average daily traffic count of ±40,000 cars.
—The building areas offer flexible floorplans that meet market tenant demand and minimize downtime. The existing suites can accommodate various user sizes and offer an advantage to competing larger blocks of shell condition space.
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