2045 Royal (In Escrow)

Royal Medical Plaza is a rare 100% occupied multi-tenant Medical Office asset in Southern California. Completely renovated over the last five years, the property is the most desirable medical office in its submarket, attracting more tenants and demanding a 10% market rent premium. Beyond the typical stability of medical tenants, the property’s diverse and seasoned tenant roster has over 3.5 years of average remaining lease term, providing surety of income for the investor. Small unit sizes and shallow bay depths provide the perfect spaces for community-serving practitioners, the strongest source of demand for the Simi Valley submarket. 

Price: $6,900,000
Square Feet: 24,417
Cap Rate: 6.03%
Occupancy: 100%