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