FOR SALE - GENERATIONAL BEVERLY HILLS MEDICAL BUILDING

Transcription

1 FOR SALE - GENERATIONAL BEVERLY HILLS MEDICAL BUILDING Daniel Chiprut Senior Managing Director Phone danielc@cag-re.com Lic: Commercial Asset Group, Inc Century Park East, Suite 1420 Los Angeles, CA T F Lic

2 FOR SALE - GENERATIONAL BEVERLY HILLS MEDICAL Highlights CAG, as exclusive advisor, is pleased to present the opportunity to acquire the 100% feesimple interest in 8654 Wilshire Blvd, Beverly Hills, CA (the Property ). A once in a generation opportunity to acquire an extremely rare Beverly Hills Medical building. Strategically located less than half a mile from Cedars Sinai and Rodeo Drive in the one of the premier submarkets in the country, Beverly Hills. Internationally recognized as the medical epicenter of the world with a dense population of the best of the best doctors in the world. This property offers an opportunity for an owner user medical practitioner to acquire one of the few extremely rare boutique medical buildings Beverly Hills. Originally built in 1957 by a world renowned Dermatologist, 8654 Wilshire is comprised of a 2,500 square foot medical building (per the original 1957 permit) on a 5,070 square foot (per the county assessor). Beverly Hills has implemented new challenging development and construction requirements creating what many call a silent moratorium on any future medical development a City of Beverly Hills, a Non-Conforming use. With the ever growing demand of Beverly Hills medical office space, medical office rents have increased at exponential levels making 8654 Wilshire Blvd is an invaluable opportunity acquire a Beverly Hills Medical Building. Summary of Sale Sale Price: Best Offer Building Size: +/-2,500 sq ft (per the original 1957 permit) Lot Size: +/-5,070 (per the county assessor) Year Built: 1957 Parking: 5 Spaces APN s: Zoning: C-3 Medical These materials are based on information and content provided by others, which we believe are accurate. No guarantee, warranty or representation is made by Commercial Asset Group, Inc. or its personnel. All interested parties must independently verify accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations. The property is subject to prior lease, sale, change in price, or withdrawal from the market without notice.

3 NEW FAÇADE RENDERING *NEW FAÇADE DESIGN PLAN APPROVALS IN PLACE FROM THE CITY OF BEVERLY HILLS The old 1950 s building improvements have been recently demolished and the property is ideally positioned for a new owner to build out their desired medical office. The current owners/ sellers consulted with renowned Peteris Architects, Inc. and have been awarded a new Façade Design Plan Approvals from the City of Beverly Hills for a new remodel of the exterior facade with a dramatic double ceiling height entry. A new buyer will have the opportunity to assume those plans. Additionally there is a strong possibility to add a 2nd floor to the property increasing the total building square footage to 4,000SF +/-. Please contact broker for more details.

4 MAP Cedars-Sinai Medical Center.5 Miles Beverly Hills Triangle.75 Miles 8654 Wilshire Blvd

5 AERIAL 8654 Wilshire Blvd

6 PERSPECTIVE FLOOR PLAN

7 BEVERLY HILLS MEDICAL USE REGISTRATION LETTER 2

8 For more information, please call. Daniel Chiprut Senior Managing Director Phone Lic: Commercial Asset Group, Inc Century Park East, Suite 1420 Los Angeles, CA T F Lic These materials are based on information and content provided by others, which we believe are accurate. No guarantee, warranty or representation is made by Commercial Asset Group, Inc. or its personnel. All interested parties must independently verify accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations. The property is subject to prior lease, sale, change in price, or withdrawal from the market without notice.