• Leased to the University of California Board of Regents
• $4.75 per Sq. Ft. NNN Lease with 2.75% Annual Increases During Option Period
• 10-Year Term with Two 5-Year Options
• 1-Mile Average Household Income of $190,439
• The Only Imaging Center of its Kind in the South Bay

The subject property is a 6,700 square foot building located on a stand-alone corner pad along the busiest North/South thoroughfare in Manhattan Beach. The property features excellent visibility, ingress, and egress with two driveways -- one on Sepulveda Boulevard and the other on 22nd Street. The property is being completely renovated to operate as a UCLA Medical Imaging Center. This will be the only imaging center in the city (and submarket) offering new 3T imaging technology. The property is leased to the University of California Board of Regents, which owns and operates all University of California campuses, hospitals, medical centers, libraries, and research facilities. The University of California is responsible for 370,000 of California’s jobs and their expenditure’s impact on gross state product is between $14.29 and $16.65 billion. The lease is guaranteed by the Regents of the University of California, which has a Moody’s bond credit rating of Aa1 (higher than Walgreen’s rating of A2). The lease consists of a 10-year term with 2.75% annual rent increases and two 5-year options to renew. Per the lease, the Tenant has a right to early termination at the end of year five, but must pay one year of rent penalties and brokerage commissions.