16300 Sand Canyon Avenue, Irvine, CA 92618

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ON-CAMPUS, TROPHY 10-STORY MEDICAL OFFICE BUILDING

+ GENERATIONAL REAL ESTATE | Sand Canyon Medical presents a generational real estate opportunity to acquire the leasehold interest in a trophy medical office building on campus of Hoag Irvine. The 10-story medical office building is located off Sand Canyon surrounded by medical uses in one of the most robust medical pockets in the nation, Irvine, California.

+ ON-CAMPUS | The property sits on the campus of Hoag Irvine which opened its doors in 2010 and has quickly become one of Orange County’s premier hospitals. In 2023, Hoag broke ground on its new $1 billion dollar expansion which will add six new buildings, 155 inpatient beds, eight operating rooms, two procedure rooms and 120,000 sq. ft. of ambulatory facilities to their existing campus.

+ INCREDIBLE INVESTMENT OPPORTUNITY | The property consists of ±115,791 square feet and is currently ±90.0% leased to 21 tenants with a WALT of ±2.21 years. The in-place rents are roughly ±15.43% below market levels, allowing for new ownership to capture near-term upside as leases begin to expire.

+ STRONG TENANT ROSTER | The rent roll consists of some of region’s strongest medical tenants including RadNet, Hoag, City of Hope, and Orthopaedic Institute of Newport Beach to name a few.

+ SIGNAGE OPPORTUNITY | Building Top signage visible from the I-405 is available for a new tenant or for new ownership which would be seen by approximately 280,000 vehicles per day.

+ LEASEHOLD ADVANTAGE | With over approximately ±38 years remaining on the existing ground lease, new ownership will benefit from being able to depreciate 100% of the purchase price while enjoying secure positive cash flow.