Office Medical

14342 Victory Blvd

14342 Victory Blvd, Van Nuys, CA 91401

Listing Price: $1,400,000

Gross SF
2,804
Rentable SF
2,804
Price/Gross SF
$499.29
Year Built
1953
Lot Size
0.15 acres

Investment Overview

Marcus & Millichap is pleased to present 14342 Victory Blvd, an approximate 2,804 SF freestanding Medical Office Building located in the heart of Van Nuys. The asset sits on an approximate 6,500 SF [Q]C2-1VL-CDO zoned parcel which includes a 12-spot gated parking lot with access from the rear alley. The property lies within the State Enterprise Zone which reduces the required parking requirement for all approved uses. Currently, the property is built out as medical office and has been operated by a family of general practitioners for the past 30+ years. The building is well positioned for either a single doctor or multiple doctors as the entrance has two separate front desk/waiting room areas and the property contains 10 different exams rooms and 6 different offices. The building has a built-out kitchenette/break room. This offering consists of both the Real Estate and Business Opportunity, which includes the medical practice, patient charts, a digital x-ray system, an EKG Machine and other medical equipment (see page 14 for a complete list of equipment). Additionally, the doctors have strong relationships with numerous attorneys and have created a strong Personal Injury sector of their practice The Business Opportunity is listed for $250,000 and must be purchased with the building.

This is an ideal opportunity for a doctor to lock in historically low SBA rates and acquire one of the only turn-key freestanding medical/dental buildings available on the market, with as little as 10% down. SBA loans are fixed and fully amortized over a 25-year period and the current blended interest rate is in the low 3 percent range.

The property is located one block east of the intersection of Victory Blvd and Van Nuys Blvd, an intersection that sees roughly 41,000 vehicles per day. This coupled with the large Pylon sign that sits in front of the building and the 50 feet of frontage on Victory Blvd, creates a large amount of visibility and a great way to attract new clientele. The asset sits about 0.2 miles north of Van Nuys City Hall and The Van Nuys Government Center. The property also sits 1.7 Miles North of the Villages in Sherman Oaks, one of the major attractions in the San Fernando Valley for shopping and dining. The asset is also centrally located between two different hospitals. The property sits 1.7 Miles from Valley Presbyterian Hospital and 2.1 Miles from the Sherman Oaks Hospital.

In 2021, $1.3 Billion is scheduled to be invested in light rail line on Van Nuys Boulevard, connecting Metrolinks Sylmar/ San Fernando Station to the Orange Line Busway. Metro estimates that the Van Nuys light rail line will open in 2027 and has the potential to attract 47,000 daily passengers by the year 2040. Van Nuys Blvd and the overall submarket are well poised for future gentrification and continued growth.

Investment Highlights

  • Rare Free-Standing Medical Building
  • Fully Built out Medical Office + Business Opportunity
  • Delivered Vacant - Ideal for Owner/User
  • Parking Lot - 12 Spaces (4.28/1,000 SF)
  • Great Visibility Along Victory Blvd - 50ft of Frontage
  • Large Pylon Sign

Exclusively Listed By

Listing Price: $1,400,000

Gross SF
2,804
Rentable SF
2,804
Price/Gross SF
$499.29
Year Built
1953
Lot Size
0.15 acres

Investment Highlights

  • Rare Free-Standing Medical Building
  • Fully Built out Medical Office + Business Opportunity
  • Delivered Vacant - Ideal for Owner/User
  • Parking Lot - 12 Spaces (4.28/1,000 SF)
  • Great Visibility Along Victory Blvd - 50ft of Frontage
  • Large Pylon Sign

Investment Overview

Marcus & Millichap is pleased to present 14342 Victory Blvd, an approximate 2,804 SF freestanding Medical Office Building located in the heart of Van Nuys. The asset sits on an approximate 6,500 SF [Q]C2-1VL-CDO zoned parcel which includes a 12-spot gated parking lot with access from the rear alley. The property lies within the State Enterprise Zone which reduces the required parking requirement for all approved uses. Currently, the property is built out as medical office and has been operated by a family of general practitioners for the past 30+ years. The building is well positioned for either a single doctor or multiple doctors as the entrance has two separate front desk/waiting room areas and the property contains 10 different exams rooms and 6 different offices. The building has a built-out kitchenette/break room. This offering consists of both the Real Estate and Business Opportunity, which includes the medical practice, patient charts, a digital x-ray system, an EKG Machine and other medical equipment (see page 14 for a complete list of equipment). Additionally, the doctors have strong relationships with numerous attorneys and have created a strong Personal Injury sector of their practice The Business Opportunity is listed for $250,000 and must be purchased with the building.

This is an ideal opportunity for a doctor to lock in historically low SBA rates and acquire one of the only turn-key freestanding medical/dental buildings available on the market, with as little as 10% down. SBA loans are fixed and fully amortized over a 25-year period and the current blended interest rate is in the low 3 percent range.

The property is located one block east of the intersection of Victory Blvd and Van Nuys Blvd, an intersection that sees roughly 41,000 vehicles per day. This coupled with the large Pylon sign that sits in front of the building and the 50 feet of frontage on Victory Blvd, creates a large amount of visibility and a great way to attract new clientele. The asset sits about 0.2 miles north of Van Nuys City Hall and The Van Nuys Government Center. The property also sits 1.7 Miles North of the Villages in Sherman Oaks, one of the major attractions in the San Fernando Valley for shopping and dining. The asset is also centrally located between two different hospitals. The property sits 1.7 Miles from Valley Presbyterian Hospital and 2.1 Miles from the Sherman Oaks Hospital.

In 2021, $1.3 Billion is scheduled to be invested in light rail line on Van Nuys Boulevard, connecting Metrolinks Sylmar/ San Fernando Station to the Orange Line Busway. Metro estimates that the Van Nuys light rail line will open in 2027 and has the potential to attract 47,000 daily passengers by the year 2040. Van Nuys Blvd and the overall submarket are well poised for future gentrification and continued growth.

Exclusively Listed By

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