INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY · For Sale INSPIRING TWO-BUILDING CREATIVE...

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JOHN TABB, Centre Realty, Inc. 310.282.8833 OFFICE 310.991.4540 CELL [email protected] The information contained in this document has been obtained from sources believed reliable. While Centre Realty, Inc., does not doubt its accuracy, Centre Realty, Inc., has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property, The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs OFFERING PRICE $3,050,000 TOTAL BUILDING 6,600 SF TOTAL LAND 8,800 SF Highly improved and ready for an OWNER USER to occupy or to be leased as an INVESTMENT property This project is the quintessential creative office property with amazing interiors and ready for immediate occupancy. Located in Inglewood, this is IMMEDIATELY adjacent to the new Crenshaw/LAX metro line, Fairview Heights Station. Set within the Transit Oriented Development Plan, the property offers significant density and height bonuses for future development and adding to its value. Development along the Fairview Heights Station corridor is expected to revitalize this submarket into a mixed-use area with a significant new retail and housing components and should continue to push creative office/flex building rental rates to much higher levels. For Sale INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY 6813 & 6819 West Blvd. Inglewood, CA 90302

Transcript of INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY · For Sale INSPIRING TWO-BUILDING CREATIVE...

Page 1: INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY · For Sale INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY 6813 & 6819 West Blvd. Inglewood, CA 90302 ... adjacent Culver

JOHN TABB, Centre Realty, Inc. 310.282.8833 OFFICE 310.991.4540 CELL [email protected]

The information contained in this document has been obtained from sources believed reliable. While Centre Realty, Inc., does not doubt its accuracy, Centre Realty, Inc., has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property, The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs

OFFERING PRICE

$3,050,000

TOTAL BUILDING

6,600 SF

TOTAL LAND

8,800 SF

Highly improved and ready for an OWNER USER to

occupy or to be leased as an INVESTMENT property

This project is the quintessential creative office property

with amazing interiors and ready for immediate occupancy.

Located in Inglewood, this is IMMEDIATELY adjacent to the

new Crenshaw/LAX metro line, Fairview Heights Station. Set

within the Transit Oriented Development Plan, the property

offers significant density and height bonuses for future

development and adding to its value.

Development along the Fairview Heights Station corridor is

expected to revitalize this submarket into a mixed-use area

with a significant new retail and housing components and

should continue to push creative office/flex building rental

rates to much higher levels.

For Sale

INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY

6813 & 6819 West Blvd. Inglewood, CA 90302

Page 2: INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY · For Sale INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY 6813 & 6819 West Blvd. Inglewood, CA 90302 ... adjacent Culver

JOHN TABB, Centre Realty, Inc. 310.282.8833 OFFICE 310.991.4540 CELL [email protected]

The information contained in this document has been obtained from sources believed reliable. While Centre Realty, Inc., does not doubt its accuracy, Centre Realty, Inc., has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property, The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs

Priced to sell at $462 per sf and available for lease at $1.75

nnn per square foot per month, this building is approximately

one-third the occupancy cost of similar properties in the

adjacent Culver City and Playa Vista submarkets. Property

values in Inglewood have increased in the past several years

and with the completion of the new LA Football Stadium,

the massive new Hollywood Park mixed use redevelopment,

the Clippers arena, the Crenshaw/LAX metro line and more,

property values are anticipated to rise substantially and

narrow the valuation gap of the neighboring communities of

Culver City and Playa Vista.

The project offers the opportunity for multiple configurations:

u Immediate occupancy of the entire building (6,600 sf)

u Occupancy of one portion while deriving rental income from the other portion

u Leasing the entire property to another tenant.

SBA financing is an exceptional option for owner users who

occupy the entire building—in most cases providing up to

90% financing at favorable interest rates while the buyer is

required to put only a 10% down payment. Benefits of owning

versus leasing include property appreciation and equity

growth, control of occupancy costs, increased cash flow,

certain tax benefits including depreciation, property tax and

interest expense deductions and a future retirement plan.

Investment Highlights

Page 3: INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY · For Sale INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY 6813 & 6819 West Blvd. Inglewood, CA 90302 ... adjacent Culver

JOHN TABB, Centre Realty, Inc. 310.282.8833 OFFICE 310.991.4540 CELL [email protected]

The information contained in this document has been obtained from sources believed reliable. While Centre Realty, Inc., does not doubt its accuracy, Centre Realty, Inc., has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property, The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs

The buildings have recently been improved to provide a state-

of-the-art creative office/flex environment. The buildings are

“plug and play” and require no extensive tenant improvement

investment, therefore, no time delays or risk associated with

the permitting process. Features include polished concrete

floors, high bay bow truss ceilings, built-in kitchens and

bathrooms including a shower, private offices, roll up doors,

ample light and air flow.

BUILDING FEATURES

6812 WEST BOULEVARD, INGLEWOOD

APN:4013-007-031

3,200 SF

6819 WEST BOULEVARD, INGLEWOOD

APN:4013-007-030

3,400 SF

TOTAL BUILDING

6,600 SF

TOTAL LAND

8,800 SF

PARKING

8 SPACES + AMPLE STREET PARKING

BUILT

1947, RENOVATED 2018

Page 4: INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY · For Sale INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY 6813 & 6819 West Blvd. Inglewood, CA 90302 ... adjacent Culver

JOHN TABB, Centre Realty, Inc. 310.282.8833 OFFICE 310.991.4540 CELL [email protected]

The information contained in this document has been obtained from sources believed reliable. While Centre Realty, Inc., does not doubt its accuracy, Centre Realty, Inc., has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property, The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs

Inglewood is undergoing a very substantial construction

boom. Capital investment in Inglewood is quite large and

institutional in nature. Upon completion of the Stadium,

Hollywood Park redevelopment, 2,500 new residential units,

proposed Clippers stadium, NFL Networks West Coast

Headquarters, hotels and the metro rail mass transit stations,

the city of Inglewood will have amenities and services that are

second to none in Southern California. And with that, likely

dramatically rising property values.

At a cost estimated at more than $5 billion, the

development—formally named the LA Stadium &

Entertainment District at Hollywood Park—includes a

70,240-seat stadium and 6,000-seat performance center

under one roof that will anchor a 298-acre complex of office

buildings, shops, restaurants, residential units, hotels and

parks. It’s 3 1/2 times the size of Disneyland and twice as

big as Vatican City. It is the vision of Rams owner E. Stanley

Kroenke, a Missouri-born billionaire developer and

sports mogul.

AREA FEATURES

“INGLEWOOD WILL BECOME THE NEXT

DTLA. THE DEVELOPMENT OF THE

HOLLYWOOD PARK STADIUM WILL HAVE

THE SAME IMPACT ON THE INGLEWOOD

MARKET THAT THE STAPLES CENTER HAD

ON DOWNTOWN LOS ANGELES”.

-GLOBE STREET.COM 2018