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864 S Robertson Boulevard, Los Angeles, CA

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864 S Robertson Boulevard

Los Angeles, CA 90035-1605 - West Los Angeles Submarket

Property Type:Office Sub Type:Medical Status:Existing Year Built:1956
Stories:3 Typical Floor:5,040 SF Building Size:15,122 SF
For Sale Price:$9,250,000 Price/SF:$611.69
Cap Rate:-
Parking:20 Covered spaces are available; Ratio of 2/1,000 SF

Sale Notes:
864 S. Robertson Boulevard is a rare opportunity to acquire the only mid sized 15,122 square foot +/ office/medical building on Robertson Boulevard, adjacent to Beverly Hills. Located at the hard corner of Robertson Boulevard and Chalmers Drive, the property has excellent visibility, exposure and signage potential. Currently occupied by well-established Medical Psychologist, Marriage and Family Therapists, Etc. The building has been meticulously maintained and has been a pride of ownership.
Currently the rents are significantly below market and the property is not meeting its full potential. This asset represents a unique opportunity for an investor to create value-add by completing a renovation of the interior and exterior, re-measuring the property using BOMA building measurements standards, and leasing to quality tenants at favorable market rents. The property will be very attractive to both a myriad of tenants in the area seeking entry into the highly demanded market with lack of supply. Currently approximately 60% leased with short term leases, the property benefits from the ability to terminate all leases with proper notice for an owner user occupancy situation.

Located just minutes from Beverly Hills and Century City, and less them 1 mile from Cedar Sinai Medical Center. The subject property is located in a densely populated Los Angeles sub market with the average household income exceeding $120,000 within a 1 mile radius. 864 S. Robertson Boulevard is located within walking distance to many great amenities, restaurants and hotels, as well as a short mile from Cedar Sinai Medical Center. Ideal for an owner user or investor seeking cash flow in a trophy location.

Newmark Grubb Knight Frank
Daniel Chiprut
(310) 407-6581

Jay Luchs
(310) 407-6585

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