19066 Magnolia

19066 Magnolia is a 51,500 square foot medical office complex situated on 5.5 acres in Huntington Beach, California. The asset was acquired in 2002 as part of a four-property portfolio marketed by liquidity constrained Pacificare. This was the largest and more attractive property, in an excellent Huntington Beach location with good frontage at a major intersection. 75% occupancy upon acquisition provided upside, and the large untapped 5.5 acre lot allowed the opportunity for further development. Levy Affiliated constructed an additional 11,000 square feet on the site that is now, with the original building, is fully occupied.



19066 Magnolia Avenue
Huntington Beach, CA



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Use:  Medical | Office Total SF:  51,449 Lot Area:  5.4 acres ACQUISITION:  2002