Investment/Owner-User Class-A Office/Medical
34,879 SF | 34% Leased | Office Building | Encino, CA 91436 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Office
- Square Feet
- 34,879 SF
Listing Contacts
Yair Haimoff
Verified Profile
Matt Sreden
Verified Profile
Andrew Ghassemi
Verified Profile
- Property Info
Property Overview
SPECTRUM Commercial Real Estate, Inc., as exclusive advisor, is pleased to present this Owner-User / Investment opportunity to acquire the fee simple interest in 16861 Ventura Blvd, Encino, CA 91436
The Property is comprised of approximately ±34,879 SF, 3-story multi-tenant Class-A office/medical building, complete with a 2-level subterranean parking garage. It is situated at the hard signalized intersection of Ventura Boulevard and Balboa Boulevard with tremendous visibility.
The Property was recently renovated with a new HVAC system, dual elevators, and updated common areas on both the 2nd and 3rd floors. It is comprised of 19 efficiently sized suites and 2 cell towers that range between 342 – 10,063 SF with a mixture of general and medical users. The entire ground floor is available for owner-user occupancy of up to 10,063 square feet of medical/retail space. It features tremendous visibility, excellent building signage on both Ventura Blvd and Balboa Blvd, beautiful views, and heavy vehicle and foot traffic.
Located in the heart of Encino's premiere business district along densely populated Ventura Boulevard, this Property is on the border of the Encino Commons, a personification of the region’s bustling business scene, corporate headquarters, retailers, shopping boutiques, entertainment, fitness centers, wellness amenities, top-rated restaurants, a vibrant weekly farmer’s market and is often referred to as the “The Valley’s Miracle Mile”.
The Property stands across the Campbellsville University, Equinox, Encino Community Center, Los Encinos State Historic Park and surrounded by top rated schools, single and multi-family housing. It is within close proximity to Country Clubs, Tapia Bros Farm, Encino Hospital medical Center and a variety of other medical practices and professional services.
The Property is comprised of approximately ±34,879 SF, 3-story multi-tenant Class-A office/medical building, complete with a 2-level subterranean parking garage. It is situated at the hard signalized intersection of Ventura Boulevard and Balboa Boulevard with tremendous visibility.
The Property was recently renovated with a new HVAC system, dual elevators, and updated common areas on both the 2nd and 3rd floors. It is comprised of 19 efficiently sized suites and 2 cell towers that range between 342 – 10,063 SF with a mixture of general and medical users. The entire ground floor is available for owner-user occupancy of up to 10,063 square feet of medical/retail space. It features tremendous visibility, excellent building signage on both Ventura Blvd and Balboa Blvd, beautiful views, and heavy vehicle and foot traffic.
Located in the heart of Encino's premiere business district along densely populated Ventura Boulevard, this Property is on the border of the Encino Commons, a personification of the region’s bustling business scene, corporate headquarters, retailers, shopping boutiques, entertainment, fitness centers, wellness amenities, top-rated restaurants, a vibrant weekly farmer’s market and is often referred to as the “The Valley’s Miracle Mile”.
The Property stands across the Campbellsville University, Equinox, Encino Community Center, Los Encinos State Historic Park and surrounded by top rated schools, single and multi-family housing. It is within close proximity to Country Clubs, Tapia Bros Farm, Encino Hospital medical Center and a variety of other medical practices and professional services.
Property Details
- Class
- A
- Year Built/Renovated
- 1984/2022
- Stories
- 3
- Property Subtype
- Medical, Bank, Freestanding, Storefront Retail/Office
- Lot Size (sq. ft)
- 17,424 SF
Highlights
- High-Image Class-A Office / Medical Building
- Owner-User / Investment Opportunity
- Prime Encino Location | Signalized Intersection | Ventura Blvd & Balboa Blvd
- Tremendous Visibility with Top Building Signage on all four (4) sides
- Attractive Potential Financing for Owner Users
- Entire Ground Floor Available for Owner-User Occupancy
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