|PROPERTY USE TYPE
||2.56 / 1,000 SF
- Exceptional opportunity to acquire the fee simple interest in a highly functional medical/general office building
- Within 3 Miles of Huntington Hospital and Glendale Adventist Medical Center
- Excellent freeway access-adjacent to the 134 freeway N Figueroa off ramp
- 90% SBA financing available- lock in long term fixed rate financing at historically low interest rates
- Ideal Medical office demographics. Average household income of $72,000 within one mile radius
- Current in place tenants allow an owner user the opportunity to reduce occupancy cost
Hudson Partners is pleased to present for sale 7447 N Figueroa Street, a ± 10,152 SF three story medical office building. A portion of the building consists of medical office and the remaining space is being utilized as general office. The subject property has approximately 167 feet of high visibility frontage along Figueroa Street. This property is ideal for an owner user looking to take advantage of the market and protecting their business from future rental market spikes. Rather than paying rent to a landlord or investing money in an alternative investment, your rent will pay off the property mortgage and provide a more attractive after-tax return. An Owner/User will save 40% purchasing versus leasing with an after-tax equity build-up of $2.5 million over a 10 year period.
Furthermore, in-place occupancy provides long term stable cash flow and future expansion in the event a user does not require all the space.
The subject property is strategically located within 3 miles of Huntington Hospital in Pasadena and 3.4 Miles of Glendale Adventist Medical Group. Easily accessible location via the 134 freeway and N Figueroa off ramp.