Overview

Highlights

• Successfully Repositioned to Medical Office
• Completed $5M Extensive Capital Renovation
• Highly Advantageous Ground Lease
• High Demand Medical Submarket
• Stable Cash Flow
• Significant Tax-Saving Depreciation Advantages
• Striking Modern Architectural Medical Design
• Unique Medical Owner User Opportunity

Description

Lee & Associates is pleased to present a unique opportunity to acquire Oasis Healthcare Center — a distinguished Medical Office Building located in Tarzana, at the heart of world-class healthcare in the San Fernando Valley.

This newly renovated 44,686 square foot medical facility is the recipient of the prestigious AIA design award and offers a modernized and contemporary healthcare experience. Oasis Healthcare Center is strategically designed to surpass the competition and is among a select few approved medical properties situated near the newly established Providence Cedars- Sinai Hospital.

Investors will benefit from a compelling purchase option on the ground lease at a fixed below market rate, ultimately allowing for a conversion to a fee simple investment.

Location

The City of Tarzana is a small amenity rich, suburban community on the western end of the San Fernando Valley of Los Angeles. Tarzana is bordered by the neighborhoods of Encino to the east and Woodland Hills to the west. Tarzana and the San Fernando Valley as a whole are some of the most demanded and desirable markets in Southern California when considering the single digit vacancy rate, high barriers to entry, property values, and ease of transportation. As for residents, many enjoy the plentiful restaurants, historic monuments, recreational activities, cultural diversity, educational facilities, and the overall quality of life that the San Fernando Valley provides.

Oasis Healthcare Center is located just 1 mile from the Providence Cedars-Sinai Tarzana Medical Center, a premier hospital that emerged from a collaboration between two renowned healthcare providers. Completed in 2023, this $624 million expansion has transformed the facility into a destination medical center for the region, significantly enhancing the Tarzana submarket. The project includes a six-story, 223,000-square-foot patient tower that adds 190 new rooms to the hospital, standing approximately 120 feet tall.

LOCATION HIGHLIGHTS

1 Mile from Providence Cedars-Sinai Medical Center

Excellent visibility along major thoroughfare Ventura Blvd

Excellent Professional Office Location

Affluent submarket with average household income of $129,686

Amenity rich neighborhood with 81 Walking Score

Easy 101 Freeway Access

Contact Broker