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For Sale

Lincon Medical Building

3331 N Broadway,
Los Angeles, CA 90031

Asset Snapshot

Community Center
Office Subtype
2019
Year Built
1
Building Count
1.11 Acres
Land Area
100%
Occupancy

Offering Summary

Investment Overview

Newmark, as exclusive advisor, is pleased to present the opportunity to acquire fee simple interest in the Lincoln Medical 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 nation’s 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.


Investment Highlights

  • Assumable Loan $19,000,000 at 3.90% interest only 2/6/2030 Maturity Date

How it Works

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Listing Syndicated From

Buildout
For Sale
$30,830,000
Asking Price

Investment Sales Broker