12849 Magnolia

FOR SALE—MED OFFICE BUILDING—$1,795,000—REDUCED ALMOST $200k FROM THE ORIGINAL PRICE! Great owner-user 12849 Magnolia Blvd., Valley Village 91607, 2,700 SF. 2 Year old roof with 10-year warranty Common reception room with separate doors to each medical suite basement for storage and extra bathroom Cell tower on the property is not included in the sale. Ideal for a young practice to grow and use half the building and then take over the other half in 5 years. Building size 2,700 square feet Lot Size 6,286 square feet Dentist - Current lease expires 1/31/27 with 1 5-year option at annual 3% increases. Current rent is 3874.70. Tenant has 1st right of refusal (10 days). Approximately 1300 square feet +/-. Reimbursement of electric-75% of electric bill. West side- Vacant- Medical space with 5 exam rooms – market rent is approx. $3,900/mo. Approximately 1300 square feet +/-. Additional square footage in basement with bathroom and plumbing-great for dental lab work Billboard - Expires 7/19/30. Rent of $5,400/year flat (paid annually). OutFront Billboard Cell tower - Zero income