Rare Medical Office Sells in Ventura

Optimus Properties has acquired the Tarzana Tower, a class-A medical office building in the Ventura Corridor for $22 million. The property is a rare asset for the supply-constrained market, and is the largest building in the area.

The 10-story, multi-tenant tower is adjacent to the Providence Tarzana Medical Center, which has partnered with Cedars Sinai. These two major healthcare organizations are currently undergoing a $540 million expansion and renovation, which is scheduled to be completed by 2022. This project will establish the Providence Cedars-Sinai Tarzana Medical Center as the leading medical facility in the San Fernando Valley.

Kidder Mathews’ Janet Neman represented Optimus Properties in the transaction.