3445 Pacific Coast Hwy - Medical FOR SALE


Torrance, CA 90505
$24,000,000 USD
310-491-2019
3445 Pacific Coast Hwy, Torrance, CA for Sale
$24,000,000 USD
Medical - FOR SALE
1/7
null | 8% Cap Rate

3445 Pacific Coast Hwy
Torrance, CA 90505


HIGHLIGHTS

  • PACIFIC COAST HIGHWAY - LOCATION! LOCATION! LOCATION!
  • PRIME MEDICAL OFFICE AND NEIGHBORHOOD RETAIL CENTER
  • DEVELOPMENT UPSIDE

OVERVIEW

Newmark, as exclusive advisor, is pleased to present the exceptional opportunity to acquire the leasehold interest in Madison Park (the “Property”), a 97,125-square-foot mixed-use Medical Office & Retail Center. Located in the heart of the Los Angeles South Bay in the city of Torrance, CA, with 1,130 feet of frontage along the famed Pacific Coast Highway (PCH), Madison Park consists of a three-story, 50,524-square-foot Medical Office Building and an adjacent, two-building, 46,601-square-foot Neighborhood Retail Center at the signalized intersection of Madison Street and PCH. Currently 87% leased to 23 tenants including UCLA Health and Thrive Pet Healthcare, the Property is situated less than one mile south of Torrance Memorial Medical Center (TMMC–a Cedar-Sinai Affiliate) which has been ranked among the top 3% hospitals in California as well as one of the world’s best hospitals in 2024 by US News & World Report and Newsweek respectively. The close proximity to TMMC in addition to Providence Little Company of Mary Hospital, located just two miles to the north, continues to drive demand for medical office space at Madison Park. Additionally, the Property is located at the base of the Palos Verdes Peninsula, one of the wealthiest communities in the Los Angeles region, providing direct access to a highly affluent demographic, which has extremely limited retail options.

FOR SALE DETAILS

PRICE

$24,000,000 USD

PRICE/SF

$589 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Madison Park Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

113

LAND DETAILS

LAND ACRES

449.95 AC

LAND SF

19,599,822 SF

ZONING

TOC3

APN/PARCEL ID

7377-006-906

ASK ABOUT THIS PROPERTY

Michael MooreNewmarkMore Info
310-491-2019

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Michael MooreNewmarkMore Info
310-491-2019

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.