Address: 420 West Rowland Street, Covina, CA, 44622
Property Type: Healthcare
Square Feet: 64,000
Magan Medical is a 64,000 square foot medical office building in Covina, California (22 miles east of downtown Los Angeles). The Asset is 100% leased to Magan Medical Clinic, a subsidiary of Optum/UnitedHealth. United Health employs 300,000 and has an investment-grade rating of A+ from Standard and Poor’s.
Magan Medical Clinic houses 22 specialties and 50 physician providers. The medical practice was founded in 1919 by Dr. W.P. Magan and recently celebrated its 100-year anniversary, including 52 of those years at the current location. The Property recently underwent an extensive renovation, that included a roof replacement, electrical and lighting upgrades, a parking lot replacement, HVAC replacements, room conversions, and site modernization.
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