WOODLAND PARK DENTAL PLAZA
6024 Fallbrook Ave
Woodland Hills, CA 91367
The Woodland Park Dental Plaza is a four-unit dental office building that was chosen based on the following: stable rental income supplemented by a Verizon rooftop cell tower, a desirable practice location by dental professionals, the scarcity of competing medical dental buildings with a high barrier to entry, prime Woodland Hills location with high traffic count of 36,785 cars per day, visually attractive property with minimal maintenance needs, and significant upside in appreciation from the massive growth in the area. The property is 100% occupied, as it has remained since 1975, with modified gross leases and built-in rent increases in place.
The subject property was acquired for $2,700,000 as an off-market transaction and it was the first time it had been for sale since it was built in 1975.
The property is projected for a 7 to 10-year holding period, with plans to finance between Year 5 – 7 to return the investors’ invested funds. Initially, the property will be purchased with no debt providing cash flow to investors an average of 6.7% per year. Because of the advantages of appreciation, the investment would be equivalent to buying a bond at a discount that pays a coupon of 7.9%
To quote Mayor of Los Angeles Eric Garcetti: “Woodland Hills will be the next Century City”. This offering is an exciting opportunity to benefit from the multi-unit residential construction in the area, as well as the large-scale developments, as a part of the 2035 Warner Center Master Plan.