
WelbeHealth | 20920 Chico St
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WelbeHealth 20920 Chico St
17,927 SF Office Building Carson, CA 90746 $26,426,435 CAD ($1,474.11 CAD/SF) 7% Cap Rate



INVESTMENT HIGHLIGHTS
- New 20 Year Net Lease with Corporate Guaranty
- 2024 Complete Renovation into State of the Art PACE Facility
- 32.7% of the Population within a 3-Mile Radius is 55+ - the Qualifying Age for PACE
- 10% Rental Escalations Every 5 Years
- WelbeHealth is a Leading PACE (The Program for All-Inclusive Care for the Elderly) Provider
- Half a Mile from Interstate 405 - 272,000 AADT
EXECUTIVE SUMMARY
The subject property is excellently located on the corner of Chico Street and East Dominguez Street, with easy access less than half a mile from Avalon Boulevard and its junction with I-405/San Diego Freeway (combined 296,100 AADT). The property is ideally situated near other major arterials including I-110 (244,000 AADT), I-710 (248,500 AADT), Highway 47 (30,800 AADT), and Highway 91 (42,877 AADT). These highways provide access to other key markets in Southern California. The site benefits from robust and dense demographics in the surrounding area, with a total population of 575,107 within 5 miles and average household income of $132,527 within a 1-mile radius. 32.7% of the population within a 3-mile radius is age 55 or older, the qualifying age for PACE.
The property is prominently located in a dynamic commercial corridor, in close proximity to numerous shopping centers and national retailers. The site is adjacent to SouthBay Pavillion Mall, a top 9% performing power center nationwide by visit count (per Placer.ai) featuring 1.1 million square feet anchored by Target, IKEA, and JCPenney, as well as over 80 other stores and restaurants. Nearby shopping centers include Carson Town Square, anchored by Ralphs; Carson Crossings, anchored by Vallarta Supermarket and Dollar Tree; Carson Shopping Center, anchored by CVS; Shopping Center at 131 W Carson St, anchored by Seafood City; and Carson Town Center, anchored by Floor & Decor and Planet Fitness. Other nearby retailers include Walmart Neighborhood Market, Smart & Final, Starbucks, In-N-Out, Chick-fil-A, McDonald’s, Raising Cane’s, DaVita Kidney Care, and more.
Less than 2.5 miles from the site are Cal State Dominguez Hills (enrollment of 14,262 and staff of 5,645), and Dignity Health Sports Park (27,000 seats), two major economic and visitation drivers for the city of Carson. Harbor-UCLA Medical Center, a 570-bed teaching hospital and Level I trauma center serving a 300-square mile catchment area in the South Bay, is located 3 miles from the site. It is undergoing a $1.7 billion revitalization project. Other hospitals in the surrounding area include Torrance Memorial Medical Center (443 beds), Memorial Hospital of Gardena (172 beds), and Kindred Hospital South Bay (54 beds). The Kaiser Permanente Carson Medical Offices are also located less than 3 miles from the site. There are also numerous senior housing developments within 3 miles of the site, including The Villagio Apartments (149 units), Carson Terrace (62 units), Bella Vita (65 units), The Gateway (86 units), Avalon Courtyard (92 units), Veterans Village of Carson (51 units), Carson Gardens (101 units), and Via 425 (105 units).
The property is prominently located in a dynamic commercial corridor, in close proximity to numerous shopping centers and national retailers. The site is adjacent to SouthBay Pavillion Mall, a top 9% performing power center nationwide by visit count (per Placer.ai) featuring 1.1 million square feet anchored by Target, IKEA, and JCPenney, as well as over 80 other stores and restaurants. Nearby shopping centers include Carson Town Square, anchored by Ralphs; Carson Crossings, anchored by Vallarta Supermarket and Dollar Tree; Carson Shopping Center, anchored by CVS; Shopping Center at 131 W Carson St, anchored by Seafood City; and Carson Town Center, anchored by Floor & Decor and Planet Fitness. Other nearby retailers include Walmart Neighborhood Market, Smart & Final, Starbucks, In-N-Out, Chick-fil-A, McDonald’s, Raising Cane’s, DaVita Kidney Care, and more.
Less than 2.5 miles from the site are Cal State Dominguez Hills (enrollment of 14,262 and staff of 5,645), and Dignity Health Sports Park (27,000 seats), two major economic and visitation drivers for the city of Carson. Harbor-UCLA Medical Center, a 570-bed teaching hospital and Level I trauma center serving a 300-square mile catchment area in the South Bay, is located 3 miles from the site. It is undergoing a $1.7 billion revitalization project. Other hospitals in the surrounding area include Torrance Memorial Medical Center (443 beds), Memorial Hospital of Gardena (172 beds), and Kindred Hospital South Bay (54 beds). The Kaiser Permanente Carson Medical Offices are also located less than 3 miles from the site. There are also numerous senior housing developments within 3 miles of the site, including The Villagio Apartments (149 units), Carson Terrace (62 units), Bella Vita (65 units), The Gateway (86 units), Avalon Courtyard (92 units), Veterans Village of Carson (51 units), Carson Gardens (101 units), and Via 425 (105 units).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
17,927 SF
Building Class
C
Year Built
1974
Price
$26,426,435 CAD
Price Per SF
$1,474.11 CAD
Cap Rate
7%
NOI
$1,849,882 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
17,927 SF
Building FAR
0.30
Lot Size
1.37 AC
Parking
66 Spaces (3.68 Spaces per 1,000 SF Leased)
AMENITIES
- Fitness Center
- Signage
- Wheelchair Accessible
- Air Conditioning
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PROPERTY TAXES
Parcel Number | 7381-025-096 | Improvements Assessment | $1,532,826 CAD |
Land Assessment | $5,906,987 CAD | Total Assessment | $7,439,812 CAD |
PROPERTY TAXES
Parcel Number
7381-025-096
Land Assessment
$5,906,987 CAD
Improvements Assessment
$1,532,826 CAD
Total Assessment
$7,439,812 CAD
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WelbeHealth | 20920 Chico St
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