Value add medical office buildings directly across the street from Providence St. Joseph’s Hospital in Burbank
2601 & 2625 W. Alameda Ave
Burbank, CA
Value Add Medical Office Buildings
110,000 SF
This acquisition consists of two medical office buildings totaling approximately 110,000 square feet and an adjoining 4-story structured parking garage. The property is located on West Alameda Blvd. directly across the street from Providence St. Joseph’s Hospital and within the Burbank Media District. The business plan is to reposition the asset with a phased property renovation and capital expenditure program. There are also opportunities to increase income through operating efficiencies and automated parking.
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