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.