STNL Cedars | 12250 Ventura Blvd

Pegasus Investments Real Estate Advisory is pleased to present an exceptionally rare opportunity to acquire a fully leased, 4,218-square-foot flagship medical retail property located along Ventura Boulevard in Studio City, one of the most dynamic and tightly held retail corridors in Los Angeles. The property is leased to Cedars-Sinai, an investment-grade healthcare tenant generating approximately $8 billion in annual revenue, under a 10-year lease with approximately seven years remaining. The lease structure includes 3% annual rent increases and a fair market value reset option, providing investors with inflation-protected income and long-term rental growth potential. Cedars-Sinai further demonstrated its commitment to the location through an approximately $2 million tenant improvement investment completed in 2023, reinforcing the property’s strategic importance within the organization’s expanding Los Angeles County healthcare network.

Cedars-Sinai occupies the property in partnership with Tia, a rapidly growing women’s healthcare platform operating 11 clinics nationwide, including six locations throughout Los Angeles County. Tia has established strategic healthcare partnerships with organizations such as CommonSpirit Health and UCSF Health, while the Cedars-Sinai x Tia collaboration has already provided integrated women’s healthcare services to more than 100,000 women across Southern California. This location serves as a cornerstone of Cedars-Sinai’s next-generation healthcare strategy, combining investment-grade tenancy, essential medical services, and a modern medical buildout to create a durable and mission-critical long-term occupancy profile.

Strategically positioned between Laurel Canyon and Coldwater Canyon, the property benefits from premier Ventura Boulevard frontage within a highly walkable corridor featuring a walk score of 93 and traffic counts exceeding 45,000 vehicles per day. The surrounding trade area includes more than 150 retailers and over 600 public parking spaces, anchored by nationally recognized brands such as Lululemon, Sephora, Warby Parker, Urban Outfitters, Trader Joe's, and Free People, as well as highly popular dining destinations including Granville, Mendocino Farms, and Art's Deli. The property also benefits from proximity to major entertainment and retail destinations including The Shops at Sportsmen's Lodge, anchored by Erewhon and Equinox, along with the ongoing $1 billion redevelopment of CBS Radford Studio Center. Nearby attractions such as Universal Studios Hollywood, Warner Bros. Studios, and Westfield Fashion Square further reinforce the area’s exceptional consumer traffic and long-term desirability.

The property is located within one of Los Angeles’ most affluent and supply-constrained submarkets, serving nearly 200,000 residents within a three-mile radius and benefiting from average household incomes exceeding $120,000. Approximately two-thirds of surrounding households consist of families, while 57% of the nearby population identifies as female, directly aligning with the tenant’s healthcare mission and target demographic. The surrounding area is also home to prestigious educational institutions including Harvard-Westlake School, Campbell Hall, and The Buckley School, generating consistent daily traffic from affluent families and professionals. Combining investment-grade healthcare tenancy, a prime infill location, irreplaceable positioning along Ventura Boulevard, and strong embedded rent growth, this offering represents a rare opportunity to acquire a best-in-class medical retail asset in one of Southern California’s most prestigious commercial corridors.