Offers Due 6/22/2022
Newmark, as an exclusive advisor, is pleased to present the value-add opportunity to acquire the fee-simple interest in 3130 Wilshire Boulevard, a six-story office property consisting of 96,085 rentable square feet.
Situated in the heart of Los Angeles’ esteemed Santa Monica submarket —one of the region’s highest “barriers to entry” locations — 3130 Wilshire is 74% leased to a diverse tenant roster. In addition to its attached five-level parking garage, the property also includes a separate 0.34 acre (± 15,000-square-foot) surface parking lot located two blocks away at 1225 Stanford Street. The surface parking lot maintains a zoning designation of “R-2”, providing the investor with the optionality of converting the parcel to residential.