14614 Victory Blvd
Los Angeles, CA 91411
Property For Lease

Marcus and Millichap is pleased to present 14614 Victory Blvd, a 2,650 square foot medical office building, located in the city of Van Nuys. The building is ready for immediate occupancy, as the owners have completely renovated the space in 2008 and the owner, Dr. Myung Lee, has decided to retire. The asset is well suited for a large variety of different medical users, as the property is move-in ready, with a minor amount of cosmetic work needed. This coupled with the infill high density area in which the property is located, makes this the perfect opportunity for a doctor to rapidly grow their practice. The medical buildout that the property boasts is the perfect blank canvas for any medical user. The asset has 6 exam rooms- each with built in cabinets and sinks, an X-Ray room, as well as a large file cabinet system. The front entrance opens to a large, fully furnished, waiting room and the gated parking lot, which is accessed by the rear alley, boasts 14 parking spaces (5.28/1,000 SF). The space is also equipped with a security system, a telephone/intercom system, and a fully furnished break/lunchroom. The property is located a block and a half west of the intersection of Victory Blvd and Van Nuys Blvd, an intersection that sees roughly 41,000 vehicles per day. The building boasts 50 feet of frontage along Victory Blvd, which will drive patients to the practice for many years to come. The asset sits about 0.2 miles north of Van Nuys City Hall and The Van Nuys Government Center. The property also sits 1.7 Miles North of the Villages in Sherman Oaks, one of the major attractions in the San Fernando Valley for shopping and dining. The asset is also centrally located between two different hospitals, sitting 1.7 Miles from Valley Presbyterian Hospital and 2.1 Miles from the Sherman Oaks Hospital. In 2022, $1.3 Billion is scheduled to be invested in light rail line on Van Nuys Boulevard, connecting Metrolink’s Sylmar/ San Fernando Station to the Orange Line Busway. Metro estimates that the Van Nuys light rail line will open in 2027 and has the potential to attract 47,000 daily passengers by the year 2040. Van Nuys Blvd and the overall submarket are well poised for future renewal and continued growth.