790 E WILLOW ST #200 Long Beach CA 90806

Beta Agency is pleased to offer for sale Willow View Medical Center located in Long Beach, CA. Willow View Medical Center is a fully occupied, Class B Medical office building located in the Signal Hill area within close proximity to Long Beach Memorial Hospital.

The two-story medical office building was constructed in 1985 and renovated in 2013. The building consists of approximately 9,000 SF and is situated on a 22,379 SF Lot. Building features include elevator service, ADA compliant walkways and parking lot along with 43 parking spaces.

Four tenants occupy the building which include Gynecologic Associates, Cardiovascular Associates, Rehabilitation Medical Group and A+ Dentistry. Unit square footages range from 1,760 sf up to 2,750 SF. Each of the tenants are on modified gross leases with rents ranging from $2.14 PSF MG to $2.40 PSF MG. Market rents for comparable properties in the area are $2.75+ PSF MG. Two of the four tenants have leases expiring in 2023 and 2024 with no further options to renew offering an owner user the opportunity to occupy 1-2 suites.

• Fully occupied medical office building
• Modified gross leases ranging from $2.14 psf - $2.40 psf
• Two story building with elevator service
• Close proximity to Long Beach Memorial Medical Center
• Located in the Signal Hill area of Long Beach
• Dedicated parking in front and rear of the building (total 43 spaces)
• Recently renovated exterior façade
• 2 of the 4 units have significant tenant improvement buildout
• Excellent investment opportunity for an owner user or Investor
• Secure gated parking area in rear of building with 6 parking stalls