Detailed Introduction Of This Home
Medical office opportunity along the bustling artery through the East San Fernando Valley, Van Nuys Blvd. This building was constructed as a single tenant layout initially from concrete block with the generous 12 foot ceiling and excellent corner visibility. The total building square footage is 7,652 and up to 5,746 of contiguous SF can be delivered vacant at the close of escrow or on a month-to-month basis. The property is ideal for an Owner-User medical related tenant such as a Doctor, Dentist, or Veterinarian. Bank of America is offering all medical related user 5.7% interest rate fixed for 20 years and fully amortized, any buyer who acquires the real estate with an SBA Loan. This loan product could finance the property up to 90% of the purchase price, including any additional tenant improvements desired by the Buyer to make their space turn key. The property benefits from heavy street exposure, visible signage, and high traffic counts. Behind the structure, there are 23 parking spaces and can be accessed through Novice Street. This parking ratio more than satisfies the requirement of 2 spaces for every 1,000 SF under the "State Enterprise" designation for MEDICAL office. Geographically, the subject property sits on a corner and is nestled between to major Hospitals: Providence Holy Cross (2.5 miles to the North) and Kaiser Permanente Panorama City (1.94 miles away to the southeast)