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301 N Prairie Avenue - Freeman Professional Building, Inglewood, CA

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DetailMap
301 N Prairie Avenue - Freeman Professional Building

Inglewood, CA 90301-4507 - LAX Submarket


Property Type:Office Sub Type:Medical Status:Existing Year Built:1979
Stories:6 Typical Floor:14,219 SF Building Size:85,314 SF
% Leased:
For Sale Price:$11,250,000 Price/SF:$131.87
Cap Rate:-
Smallest Space:851 SF Largest Space:4,703 SF Total Space Avail:55,465 SF Rent/SF/Yr:
$23.40 - $27.00
Parking:Surface spaces @ $30.00/mo; Free Covered spaces are available; Reserved spaces @ $50.00/mo; Ratio of 2/1,000 SF Amenities:Bus Line


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
2,258 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 2nd
851 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office
 2nd
2,281 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office
 2nd
3,092 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 2nd
3,551 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office
 2nd
2,837 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 3rd
1,111 SF
$23.40 - $27.00/SF/Yr
Vacant
Negotiable
Office/Medical
 3rd
2,034 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 3rd
3,376 SF
$23.40 - $27.00/SF/Yr
30 Days
Negotiable
Office/Medical
 3rd
1,814 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 3rd
1,024 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 4th
2,500 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 4th
3,363 SF
$23.40 - $27.00/SF/Yr
30 Days
3-5 yrs
Medical
 4th
2,744 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 4th
2,203 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 5th
2,644 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 5th
1,122 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office
 5th
958 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 5th
3,035 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office
 6th
2,064 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 6th
1,871 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 6th
1,401 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office
 6th
3,321 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 6th
2,345 SF
$23.40 - $27.00/SF/Yr
30 Days
3-5 yrs
Office
 6th
1,665 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
 
5891763
10178283
8688201
52807
909340
8688202
10741442
1914572
11184471
9535776
10487382
4137747
6645737
5398650
4202761
307161
9456989
2440969
799680
4137750
52799
8688203
4202774
6645740
909343
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
2,258 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
2nd
851 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office
2nd
2,281 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office
2nd
3,092 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
2nd
3,551 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office
2nd
2,837 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
3rd
1,111 SF
$23.40 - $27.00/SF/Yr
Vacant
Negotiable
Office/Medical
3rd
2,034 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
3rd
3,376 SF
$23.40 - $27.00/SF/Yr
30 Days
Negotiable
Office/Medical
3rd
1,814 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
3rd
1,024 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
4th
2,500 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
4th
3,363 SF
$23.40 - $27.00/SF/Yr
30 Days
3-5 yrs
Medical
4th
2,744 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
4th
2,203 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
5th
2,644 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
5th
1,122 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office
5th
958 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
5th
3,035 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office
6th
2,064 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
6th
1,871 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
6th
1,401 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office
6th
3,321 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
6th
2,345 SF
$23.40 - $27.00/SF/Yr
30 Days
3-5 yrs
Office
6th
1,665 SF
$23.40 - $27.00/SF/Yr
Vacant
3-5 yrs
Office/Medical
The Freeman Medical Arts Center is located on the northwest corner of Howland Drive (between Florence Ave & Manchester Blvd) on the campus of the Daniel Freeman Medical Center. In this building there is a ground floor pharmacy and lab.

Sale Notes:
CBRE, Inc., as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 301
N. Prairie Avenue (the Property ). The ±85,314-square-foot, six-story medical office building is situated on ±0.60
acres of land. The property is 40% occupied with 22 tenants and an average remaining lease term of three years,
which provides investors with stability in the near term and offers the opportunity to significantly enhance cash
flow through lease-up of the existing space or by exploring the potential for alternative uses, including, but not
limited to, a multi-family conversion.

The property is located just a few blocks north of the 298-acre $7.5 billion planned
redevelopment of the former Hollywood Park Racetrack site which, in addition to being the future home
of the Los Angeles Rams, the new development will bring an abundance of shopping, banking and dining
amenities to the immediate area. The project will include 3,000 residential units, 620,000 square feet of
retail, 25,000 square feet of office space, a 300-room hotel, a 120,000 square foot casino and 25-acres
of park space featuring a lake, a 4 acre civic site and a community services center. In addition, the former
Daniel Freeman Hospital site totaling 18-acres and located just north of 301 N. Prarie will be redeveloped
in mid-2016 and will consist of 360 new townhomes. This development along with the Hollywood Park site
will bring over 3,300 new residential units to the immediate neighborhood along with an increased need
for medical space to serve the needs of the people.


CBRE
Kevin Foley
(310) 363-4811

Bill Maher
(310) 363-4929

Erin Rierson
(310) 363-4954


Hoyt Realty & Investment
Hoyt Hochman
(562) 595-7000



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