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8721 W Sunset Boulevard, West Hollywood, CA
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8721 W Sunset Boulevard
West Hollywood, CA 90069-2242 - Santa Monica Mountains Submarket
Existing , Renov 1970
Total Space Avail:
20 Surface spaces are available; Reserved spaces @ $100.00/mo; Ratio of 1.15/1,000 SF
Entertainment themed office building, centrally located of Sunset Blvd. Walking distance distance to several well-known shops and restaurants.
| 8721 Sunset features a 17,246 RSF office building Property.
| 8721 Sunset is adjacent to the iconic Sunset Plaza, featuring luxury design retailers and renowned eateries, including Hugo Boss, Armani, BCBGMaxazria, Oliver Peoples, Le Petit Four and Chin Chin.
| Located in one of the most affluent sections of greater Los Angeles, 8721 Sunset is situated below the Hollywood Hills and in the midst of extraordinary West Hollywood, California.
| The majority of tenant leases are short-term and under market (presently averaging $3.33/RSF/mo.; FSG), allowing the investor to increase value significantly by rolling these leases to market rents (projected as $4.75/RSF/mo.; Net Electric).
| Short-term rent roll presents an all or partial owner-user opportunity.
Proforma NOI= $737,697
Billboard also available for sale for an additional price. Please contact brokers for more information.
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