11925 Wilshire

11925 Wilshire 11925 Wilshire Blvd
Los Angeles, CA 90049

  • $24,950,000

    Asking Price

  • 33,162

    Square Feet

  • 25%

    Occupancy

  • Office

    Property Type

  • 3

    Stories

  • 2016

    Year Renovated

Offering Summary

Address

  • 11925 Wilshire Blvd
    Los Angeles, CA 90049

Pricing

  • Asking Price$24,950,000
  • Price PSF$752

Details

  • Property TypeOffice
  • Listing StatusOn Market
  • Square Feet33,162
  • Occupancy25%
  • Year Built1991
  • Year Renovated2016
  • Building(s)1
  • Stories3
  • Parking Ratio3.2/1,000 SF w/Valet
  • Acres0.34
  • APN4265-014-095

Address

  • 11925 Wilshire Blvd
    CA 90049

Pricing

  • Asking Price$24,950,000
  • Price PSF$752

Details

  • Property TypeOffice
  • Listing StatusOn Market
  • Square Feet33,162
  • Occupancy25%
  • Year Built1991
  • Year Renovated2016
  • Building(s)1
  • Stories3
  • Parking Ratio3.2/1,000 SF w/Valet
  • Acres0.34
  • APN4265-014-095

Description

Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in 11925 Wilshire Boulevard, a 33,162 square-foot, three-story office building located in the Brentwood submarket of Los Angeles.

Watch Property Video Here: https://youtu.be/QY_Jt2nPoe4

Built in 1991, renovated in 2016, and continuously updated, the property offers a turn-key creative design and modern layout to accommodate today’s tenants. With ample, usable outdoor space throughout the building, tenants can easily host outdoor meetings or entertain clients on the 2,622 square-foot second floor terrace.

Located in Brentwood, one of Westside Los Angeles’ most desirable submarkets, the high image property commands views from more than 45,000 cars per day and provides quick access to I-405 and I-10. The property also offers two levels of secure, underground parking. Proximate to all the shopping and dining options on Wilshire Blvd. and San Vincente Blvd, the tenant amenities are abundant.

11925 Wilshire Blvd. provides optionality for owner/users and additional, secure income with a new, 10-year lease on the ground floor to UP Fitness. Owner/users have the option to occupy 24,842 square feet on the 2nd and 3rd floors, 13,592 square feet on the 2nd floor or 11,250 square feet on the 3rd floor. The possibility of adding a +/- 3,000 square-foot rooftop deck further expands the vast potential that 11925 Wilshire Blvd. offers.

Deal Team

Sean Fulp

Sean Fulp

Vice Chairman

310-407-6596 sean.fulp@nmrk.com

CA RE Lic. #01389064

Ryan Plummer

Ryan Plummer

Managing Director

310-407-6570 ryan.plummer@nmrk.com

CA RE Lic. #01765854

Mark Schuessler

Mark Schuessler

Managing Director

310-201-2075 mark.schuessler@nmrk.com

CA RE Lic. #02033871

Jordan Garcia

Jordan Garcia

Financial Analyst

310-201-2072 jordan.garcia@nmrk.com

CA RE Lic. #02090086