Newly Remodeled Medical Office | 100% Leased Investment

Highlights:

• Newly Constructed/remodeled Medical Office Building With Minimal Maintenance
• Near Northridge Hospital With a Limited Supply of New Medical Office
• Stabilized 100% Leased Investment With Annual Increases
• Credit Worthy Tenants With Strong Financial Track Record
• Medical Office Asset Providing Greater Insulation From Econ Cycles & Recessions
• Strong Trending Demographics & Economic Growth
• Excellent 1031 – Little to No Management Required
• Located in an Opportunity Zone With Significant Tax Advantages
• Long Term Leases With 3% Annual Increases
• All Leases Permit Pass Throughs Including Increase Prop Tax
• All Units Sub Metered for Electrical Usage (Tenantsʼ Responsibility)
• Tenants Responsible for Repairs, Maintenance, Utilities, Janitorial

Description:

Anvar Capital Management, Inc. is pleased to present 9335 Reseda Blvd. a 100% Leased Investment in one of Southern California’s premier locations. The offering consists of a 3 tenant Medical Office, located in the City of Northridge in one of the most desirable stretches of the San Fernando Valley. The building is located on a stretch of Reseda Blvd. designated by the City of Los Angeles as one of the handful of “Great Streets” with excellent frontage and visibility for the more than 37,418 daily vehicles.

The property neighbors Cal State University Northridge (CSUN) with a +/- 30,000 student population and the largest single employer in the City of Northridge. Strong economic and demographic trends have led to significant development in the Northridge Area, including an 80,000 SF lease by Facebook as well as several Multifamily and Mixed Use projects within walking distance of the asset.

9335 Reseda Blvd. is a Single Story 8,200 SF medical office, sitting on a 17,999 SF Lot with more than 30 on-site parking spaces. The building is anchored by two Credit Grade tenants, Valley Urgent Care & Center for Autism & Related Disorders. Valley Urgent Care, occupying 3,200 SF, has been serving Northridge and the surrounding areas for more than 30 Years, with a strong financial track record and roots throughout the community of Northridge.

Center for Autism & Related Disorders, occupying 2,800 SF, operates a nationwide network of more than 150 clinics specializing in Autism for children, adolescents, and young adults. The company was recently purchased by The Blackstone Group, a major Private Equity Firm, based in New York and publicly traded (NYSE: BX). The building went through a significant remodel in 2016-2017. Aside from the four exterior walls, the entire building was redone from top to bottom. Some of these improvements include:

COMPLETELY REMODELED DOWN TO THE STUDS
NEW ELECTRICAL LINE FROM LA DWP | MEDICAL GRADE
ALL NEW ELECTRICAL WIRING INCLUDING ENERGY EFFICIENT LIGHTING
ENERGY EFFICIENT ROOF WITH A 10 YEAR WARRANTY
BRAND NEW PLUMBING AND DRAIN LINES
BRAND NEW HVAC SYSTEM
STRUCTURAL RETROFITTING – INCLUDING STEEL REINFORCEMENT
BRAND NEW FIXTURES & FLOORING THROUGHOUT BUILDING

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