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Saturday, Dec 2, 2023

Santa Clarita Medical Building Sells for $11 Million

Santa Clarita Medical Center, a high-image medical building in Santa Clarita, has sold for $11.3 million. 

Located at 23206 Lyons Ave., the two-story building spans approximately 37,759 square feet and is situated on an approximately 65,122-square-foot parcel.  

The property features a diverse mix of 24 professional medical suites with floor-to-ceiling window lines, abundant parking and street visibility. The medical center sits along a major thoroughfare and is within 1.5 miles of the Henry Mayo Memorial Hospital.  

Yair Haimoff, Randy Cude, Andrew Ghassemi and Matt Sreden of Spectrum Commercial Real Estate Inc. represented both parties in the transaction. The buyer and the seller have not been disclosed. 

According to a statement from the brokerage team, “In addition to the existing asset and location, the overall setup allowing for the conversion of suites into condominiums lends intrinsic value to the property. Medical building investors and users seek assets close to major hospitals, and this property is a prime example of that.” 

With a shortage of availability of similar-sized medical and dental suites for lease or sale in the area, the building allows the buyer to lease or sell the units individually as medical condos. 

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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