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Smyth Medical Plaza 27871 Smyth Dr 6,732 SF 100% Leased Office Building Santa Clarita, CA 91355 $2,695,000 ($400.33/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased to top tier tenants
EXECUTIVE SUMMARY
27871 Smyth Drive is a ±6,384 SF fully-leased medical office building positioned within the Santa Clarita Medical Complex, one of northern Los Angeles County’s most desired healthcare zones. Built in 2005, the asset offers a single-story, garden-style design with direct walk-up suite access and a 4:1 parking ratio. Its layout supports efficient patient circulation and provides a low-intensity ownership experience under professional management.
The property is 100 percent leased to two healthcare tenants under NNN structures. Henry Mayo Newhall Clinic, the region’s primary hospital system, occupies approximately 4,384 SF under a new long-term lease with two three-year extension options through 2036. DermaCure of Valencia, led by Dr. Craig Ingber, has operated continuously since 2007 in 2,000 SF. Combined tenancy delivers predictable cash flow and institutional-grade stability within a physician-developed asset.
Situated adjacent to Henry Mayo Hospital and surrounded by complementary practices, imaging centers, and specialty clinics, the building benefits from entrenched referral networks and sustained patient demand.
Current stabilized NOI reflects durable yield with minimal operational friction. The asset’s design, credit tenancy, and location create an attractive balance of income stability and a desirable medical asset for future capital appreciation.
This offering represents a secure, income-producing acquisition suited for 1031-exchange investors, physician-groups seeking passive ownership, or long-term holders prioritizing healthcare tenancy and limited management requirements in a supply-constrained submarket.
The property is 100 percent leased to two healthcare tenants under NNN structures. Henry Mayo Newhall Clinic, the region’s primary hospital system, occupies approximately 4,384 SF under a new long-term lease with two three-year extension options through 2036. DermaCure of Valencia, led by Dr. Craig Ingber, has operated continuously since 2007 in 2,000 SF. Combined tenancy delivers predictable cash flow and institutional-grade stability within a physician-developed asset.
Situated adjacent to Henry Mayo Hospital and surrounded by complementary practices, imaging centers, and specialty clinics, the building benefits from entrenched referral networks and sustained patient demand.
Current stabilized NOI reflects durable yield with minimal operational friction. The asset’s design, credit tenancy, and location create an attractive balance of income stability and a desirable medical asset for future capital appreciation.
This offering represents a secure, income-producing acquisition suited for 1031-exchange investors, physician-groups seeking passive ownership, or long-term holders prioritizing healthcare tenancy and limited management requirements in a supply-constrained submarket.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,732 SF
Building Class
B
Year Built
2005
Price
$2,695,000
Price Per SF
$400.33
Cap Rate
7%
NOI
$188,650
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,732 SF
Building FAR
0.04
Lot Size
4.41 AC
Zoning
BP, County
Parking
60 Spaces (8.91 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Derma Cure Of Valencia
- Health Care and Social Assistance
- -
- -
- Jan 2027
- Henrys Mayo Newhall Clinics
- Health Care and Social Assistance
- -
- -
- Jun 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Derma Cure Of Valencia | Health Care and Social Assistance | - | - | Jan 2027 | ||
| Henrys Mayo Newhall Clinics | Health Care and Social Assistance | - | - | Jun 2030 |
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PROPERTY TAXES
| Parcel Number | 2810-043-151 | Improvements Assessment | $1,651,512 |
| Land Assessment | $409,966 | Total Assessment | $2,061,478 |
PROPERTY TAXES
Parcel Number
2810-043-151
Land Assessment
$409,966
Improvements Assessment
$1,651,512
Total Assessment
$2,061,478
CONTACT
-
Jamie Warm -
Warmstone
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Smyth Medical Plaza | 27871 Smyth Dr
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