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8521 Fallbrook Avenue

Regal Medical Group Leases 155000 SF Office At Corporate Pointe In West Hills
LEASEDOffice

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:

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

Matthew Heyn

Colliers

Broker

$45M

vol

5 deals

Broker

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