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.