Regal Medical Group Leases 155000 SF Office At Corporate Pointe In West Hills
8521 Fallbrook Avenue
Building Size
155,000 SF
Asset Type
Office
Closing
Apr 9, 2025
AI
The property involved in the transaction is an office space located at 8521 Fallbrook Avenue in West Hills, with a total square footage of 155,000. This lease transaction signifies the largest new office lease in the San Fernando Valley since 2020. The landlord for the property is CPWH, which has now achieved 92% occupancy following the leasing agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 8521 Fallbrook Avenue
- Market: West Hills
- Square Footage: 155,000
- Landlord: CPWH
- Tenant: Regal Medical Group
- Brokers: Caitlin Hoffman, David Solomon & Matthew Heyn - Colliers
Regal Medical Group has signed a significant lease for its headquarters, relocating from Northridge. The transaction was facilitated by the brokerage firm Colliers, represented by Caitlin Hoffman, David Solomon, and Matthew Heyn, who played key roles in brokering this deal.
Players
West Hills Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93