10495 Santa Monica Blvd - Office FOR SALE


Los Angeles, CA 90025- Westwood | 
$8,450,000 USD
818-519-1429
10495 Santa Monica Blvd, Los Angeles, CA for Sale
$8,450,000 USD
Office - FOR SALE
1/36
null | Request Cap Rate

10495 Santa Monica Blvd
Los Angeles, CA 90025
Westwood


HIGHLIGHTS

  • Delivered 100% Vacant
  • A True Owner- User Building on the Westside
  • Immediately Adjacent to Century City
  • Parking That Cannot Be Replicated
  • Flexible Floor Plates Serve Multiple Business Plans
  • Private Top-Floor Outdoor Space and 1st Floor Patio

OVERVIEW

Matthew Luchs of Zacuto Group, as exclusive advisor, is pleased to present 10495 Santa Monica Boulevard, currently the Anti-Defamation League building, an 18,141-square foot free-standing office building situated on 9,184 square feet of land at the corner of Santa Monica Boulevard and Thayer Avenue. The property will be delivered 100% vacant, conveying all three office floors, private outdoor patio on the 2nd floor, balcony space on the top floor, double high ceilings, excellent window lines, both subterranean parking levels, 54 on-site spaces. At 2.98 spaces per 1,000 square feet, the parking ratio is exceptional for the Westside, where structured on-site parking at this level is rarely available and effectively cannot be replicated on a parcel of this size. 10495 Santa Monica Boulevard is an ideal building for an owner user. Delivered entirely vacant, it offers a law firm, personal injury practice, professional services group, family office, medical or wellness user, creative company, or any general office occupier the increasingly rare opportunity to own a free-standing headquarters on the Westside, with tremendous street visibility. The building delivers exclusive signage, a private lobby and elevator, three full floors, and 54 secured subterranean parking spaces, allowing a business to consolidate its entire operation under one roof and under its own ownership. For litigation and personal injury practices in particular, uses that depend on accessible client parking, private floor identity, and proximity to the Westside’s legal and professional community, the combination of scale, parking, and location is difficult to replicate. Ownership does not require occupying the entire building. A buyer occupying the first and third floors takes 10,238 rentable square feet, or 56.5% of the building, comfortably clearing the 51% owner-occupancy threshold required for SBA 504 and 7(a) financing on an existing building, while leaving the full 7,885-square-foot second floor available to lease. Under that structure an owner secures long-term fixed-rate financing with a reduced down payment, occupies the space the business needs today, and applies rental income from the balance of the building to offset carrying costs. The tenants help pay for the building while the owner builds equity in an asset it controls rather than funding a landlord’s. The asset accommodates a range of alternatives. A buyer may occupy the full 18,141 square feet and the entire parking deck, occupy a single floor and lease the remaining two, or expand into the balance of the building as the business grows. A value-add investor acquires the same asset and leases all three floors at a basis of its own establishment rather than one set by a prior owner. In every scenario there are no leases to inherit, no expirations to await, and no rollover schedule to underwrite.

FOR SALE DETAILS

PRICE

$8,450,000 USD

PRICE/SF

$466 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Office Building Adjacent to Century City

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

4326-032-033

ASK ABOUT THIS PROPERTY

Matthew LuchsZacuto GroupMore Info
818-519-1429

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Matthew LuchsZacuto GroupMore Info
818-519-1429

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.