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3/16/21
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A freestanding, 8.4k sf medical office building situated on an oversized 1.14-acre site in Carson sold for $5.125 mil, or $609 per square foot. The property is located at 21501 Avalon Blvd, adjacent to the 405 Fwy.
The property is currently 100% leased to Providence Health & Services, which operates the site as an urgent care clinic with a portion dedicated to primary care. The site benefits from its proximity to UCLA-Harbor Medical Center.
Sean Fulp, Mark Schuessler, Ryan Plummer and Garth Hogan with Newmark represented the seller, a private family office. The buyer was repped by Newmark’s David Ghermezian and Jonathan Dadourian.
“Freestanding medical office buildings are rare in the South Bay. A long-term lease from a credit tenant like Providence made this deal extremely attractive for a private investor looking for secure cash flow. The investment also functions as a covered land play, given the oversized parcel and surrounding development,” said Schuessler.
The city of Carson is in the midst of a development boom with nearly 1,000 residential units currently under construction or approved and more than 4,500 additional units proposed.
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