Palmdale Health and Wellness Center
Palmdale Health and Wellness Center, LLC is constructing a three (3) story medical facilities building in Palmdale California. The facility is designed to house 31,000 square feet of leasable space. Palmdale Health and Wellness Center, LLC anticipates 80% to 85% occupancy by the time the certificate of compliance is issued by Los Angeles County. The first floor’s 6,497 square feet of leasable space is expected to be occupied entirely by AV Surgical Institute. The 5,275 square feet of leasable space on the third floor will be occupied by the medical offices of Dr. Eugene Rajaratnam, M.D. The California Wellness Center will occupy part of the 7,381 square feet of usable space on the second floor leaving little available retail space. The unoccupied leasable space will be offered to area physicians.
The projected cost of construction is approximately $6 million with funding by private investors or financial institutions. Income is expected from the leasable square footage at $2.05 per square foot. The lease income combined with amounts collected for common area maintenance puts gross receipts at an estimated $50,000.00 per month.
The facility’s location within blocks of the new Palmdale Regional Medical center makes the building a premier location for area physician practices.
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