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Lincoln Medical Building 3331 N Broadway 51,722 SF 100% Leased 4-Star Office Building Los Angeles, CA 90031 $30,830,000 ($596.07/SF) 7% Cap Rate
Investment Highlights
- Close To Union Station And Major Metrolink Lines
- Purpose-Built For Medical/Government Tenants
Executive Summary
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire fee simple interest in the Lincoln Memorial Building (the "Property"). Located at 3303-3331 Broadway, Los Angeles, the Property was designed and constructed to meet the specific needs of the Los Angeles County Department of Mental Health (LACDMH), the nations, largest county-operated mental health agency with an annual operating budget of approximately $3 billion.
Totaling 51,722 square feet, the Property is 100% leased to three tenants and is anchored by investment-grade County of Los Angeles Department of Mental Health, who occupies approximately 84% of the Property.
Totaling 51,722 square feet, the Property is 100% leased to three tenants and is anchored by investment-grade County of Los Angeles Department of Mental Health, who occupies approximately 84% of the Property.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
51,722 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2019
Price
$30,830,000
Price Per SF
$596.07
Cap Rate
7%
NOI
$2,158,100
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
17,241 SF
Building FAR
1.07
Lot Size
1.11 AC
Opportunity Zone
Yes
Zoning
C4
Amenities
- Bus Line
- Signage
- Air Conditioning
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 5208-012-021 | Improvements Assessment | $19,833,927 |
| Land Assessment | $3,127,562 | Total Assessment | $22,961,489 |
Property Taxes
Parcel Number
5208-012-021
Land Assessment
$3,127,562
Improvements Assessment
$19,833,927
Total Assessment
$22,961,489
Contacts
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Renee Nelson -
Ryan Plummer -
Kevin Shannon -
Ken White -
Michael Moore -
Andrew Jennison -
Daniel Pickart -
Newmark
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Lincoln Medical Building | 3331 N Broadway
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