Property Listing No Longer Available for Sale

10345 W Olympic Blvd, Los Angeles, CA

Office for Sale - $35,000,000 - 47,160 Sq. Ft. on 0.78 acres


Property Info

CIMLS#963756
Location
  10345 W Olympic Blvd
  Los Angeles CA 90064
UpdatedSeptember 24th, 2017
TypeOffice
Price$35,000,000
Building47,160 Sq. Ft.
Land0.78 acres

Property Description

Asking Price:

$35,000,000

Due Diligence :

up to 15 days

Closing Period:

up to 30 days

Deposit:

3% min.

Location Description:

WAY UNDER VALUED - Class "A" - high image office building in CENTURY CITY - prime West LA/Beverly Hills adjacent location. The site contains approximately 46,685 square feet building on approximately 33,902 square feet of land. Originally constructed in 1989 with extensive tenant improvement enhancements recently completed on the structure. The building has extensive capital improvements, is fully fire sprinklered, has two elevators and a state of the art security system with cameras,motion detectors and all access points are monitored 24/7. There are close to 150 parking spots.

Investment Highlights

Currently owner occupied.

Owner might consider a lease back at fair market rates.

Current market rates for lease range between $3.00 $3.75 PSF NNN

Tenant Responsible for the following: taxes, association fees, Non-Structural repairs, maintenance, damages and deductions, electrical, mechanical, and plumbing systems.

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Financials