420 s beverly drive
PRICE
$15,000,000
BUILDING SIZE
12,104 SF
LOT SIZE
10,982 SF
BEVERLY HILLS, CA 90212
OCCUPANCY
96.51%
PARKING
TRAFFIC COUNTS
20 SPACES
21,301
The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively market
for sale 420 S Beverly Drive, a 12,104 square foot medical office property situated on 0.25 acres
of land (10,982 SF) located less than 0.1 miles south of the intersection of Beverly Drive and
Olympic Boulevard in Beverly Hills, CA.
420 S Beverly is ideally positioned for an owner-user or investor Buyer looking for a medical office building in the heart of Beverly Hills. The property is currently 96.51% occupied principally by a variety
of medical office uses. While the tenants are on leases with staggered expirations, all tenant leases have termination provisions to provide room for an owner-user upon as sale.
The property has the unique distinction of being offered with significantly below market assumable financing. The in-place financing has an outstanding balance of $9,000,000 at 3.77%, interest only, due 9/11/2029. The debt can be assumed with a 1.00% assumption fee.
The subject property benefits from outstanding visibility with approximately 105 feet of frontage along Beverly Drive, Beverly Hill’s commercial thoroughfare leading directly into the Golden Triangle. Less than 0.1 miles south from the intersection of Olympic Boulevard & Beverly Drive, the site is positioned
along the well trafficked corridor with more than 21,000 VPD and exceptional walkability (a walk score of 92, a “Walker’s Paradise”).
OFFERING MEMORANDUM
BRANDON MICHAELS
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685