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Land Sale Sets Up MOB Development in East Los Angeles
Connect Healthcare is just around the corner on October 29 and 30 at The Resort at Pelican Hill in Newport Beach, CA. Follow this link for more information and to register for the conference.
West Hollywood, CA-based Capital Insight acquired a 1.27-acre site in East Los Angeles, with plans to develop a nearly 62,000-square-foot medical office building. Located at 3965 E. Olympic Blvd., the site is directly off the S. Ditman Avenue exit of the 5 freeway.
SharpLine Commercial Partners completed the land sale on behalf of the private owner. With 260 feet of frontage on E. Olympic Blvd., the site is one of the last developable vacant lots directly adjacent to a freeway on/off ramp in Los Angeles.
“Capital Insight is pursuing the development of a 61,752-square-foot medical office building on the site, as it sees the local market is underserved for this product type and believes it is the highest and best use,” says SharpLine’s Barbara Armendariz. “Things are still in the planning stages, however, we believe that the project would be ideal for urgent care, medical offices, pharmacy and/or a micro-hospital.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


