VALUE-ADD MULTI-TENANT OUTPATIENT MEDICAL OFFICE INVESTMENT
* MOB Offering | The property presents a unique opportunity to acquire a soon-to-be vacant medical office building in the heart of Fountain Valley, California. The building consists of 29,470 sq. ft. and is highly improved with clinical improvements.
* Low Basis Opportunity | The offering is capable of being purchased at a low basis given the quality and improvements. This provides new ownership with the ability to capture incredible upside over the course of the hold period.
* Ground Lease Advantage | The property sits on a ground lease (Expires July 1, 2052) providing significant investment runway while allowing new ownership the option to depreciate the full purchase price.
EXCEPTIONAL MARKET FUNDAMENTALS
* Core Market | Orange County is among the top investment markets in the Americas in 2024 among investors, reflecting the county’s resilient industries, stable economic fundamentals, and sustained rent growth. With strong employment and an attractive quality of life, Orange County is a highly sought after gateway market.
* Firm Medical Demand | Fountain Valley residents at retirement age (65+) total ±23% of the population. Those approaching retirement (50-64) total ±21.5% of the population, demonstrating growing medical demand for years to come.
* Infill Location | Fountain Valley has very limited new development projected due to the land restraints and cost restraints to develop new facilities. Existing real estate will continue to outperform markets with excess land for new development.
IDEAL MOB LOCATION WITH INCREDIBLE DEMOGRAPHICS AND AMENITIES
* Highly Visible and Accessible | The property sits on Warner Avenue in Fountain Valley, one of the city’s most trafficked streets with over 30,000 vehicles per day per TrafficMetrix. Warner provides convenient access to Interstate-405.
* Retail and Lifestyle Amenities | There is retail everywhere, with multiple retail centers within walking distance, Los Cab Sports Club, Mile Square Regional Park, Mile Square Golf Course, Nep Café, and Fountain Valley Recreational Center & Sports Park to name a few.
* Unbeatable SoCal Demographics | The property has a 3 and 5-mile population base of 97,431 and 339,476, containing an average household income of $131,626 and $129,277, respectively.