Investment Highlights
Executive Summary
The I TER MEDICAL CENTER, located at 330 W. Las Tunas Dr., is a San Gabriel hospital-adjacent (Fully Entitled) 74,750 sq ft Medical Office Building (?MOB?) development opportunity on a 63,779 SF (1.46 AC) covered land play assemblage in the heart of the San Gabriel Valley. The property is immediately surrounded by nearly 500,000 square feet of Medical Office space with an approximately 97% occupancy rate.The offering is for the fee simple interest of a fully entitled cutting-edge Medical Office development, and is also available for a ground lease. The project is presented for sale at $12,800,000+ or for a ground lease of $600,000 + NNN per year. The Entitlement appeal period has expired with no appeals, meaning the project is fully entitled to move forward towards Plan Check.The project was designed by Pasadena, CA based Adept Architecture, known for its all-inclusive and sustainable cutting-edge designs. The site is adjacent to the San Gabriel Valley Medical Center, a 320,000 square foot hospital in a prominent medical cluster serving the greater San Gabriel Valley, with a population density of over 2 million people within a 10-mile radius.
