11925 Wilshire Blvd - Office FOR SALE


Los Angeles, CA 90025- West Los Angeles
$24,950,000 USD
415-310-7331
11925 Wilshire Blvd, Los Angeles, CA for Sale
$24,950,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

11925 Wilshire Blvd
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • Owner/User Opportunity (Medical/Office)
  • Secure, In-Place Income Through a Recently Signed 10-Year Lease/Expansion with UP Fitness
  • Terrific Freeway Access (I-405 and I-10)
  • Abundant, Proximate Amenity Base
  • Turnkey Creative Environment

OVERVIEW

Colliers is pleased to present the opportunity to acquire the fee-simple interest in 11925 Wilshire Boulevard, a 35,260 square-foot, three-story medical office building located in the Brentwood submarket of Los Angeles. Built in 1991 and renovated in 2016/2023, the Property offers a turn-key creative design and modern layout to accommodate today’s medical, office, and retail tenants. The Property qualifies for AB 2097, which allows for the building to be converted to medical office use with its existing parking count, adding flexibility for investors and owner/users. With ample, usable outdoor space throughout the building, tenants can easily host outdoor meetings or entertain clients on the 2,622 square-foot second floor terrace. Located in Brentwood, one of Westside Los Angeles’ most desirable submarkets, the high image Property commands views from more than 45,000 cars per day and provides quick access to I-405 and I-10. The Property also offers two levels of secure, underground parking. 11925 Wilshire Blvd. provides optionality for owner/users and additional, secure income with a recently signed, 10-year lease on the ground floor to UP Fitness. Owner/users have the option to occupy 26,241 square feet on the 2nd and 3rd floors, 14,377 square feet on the 2nd floor or 11,864 square feet on the 3rd floor. The possibility of adding a ±3,000 square-foot rooftop deck further expands the vast potential that 11925 Wilshire Blvd. offers.

FOR SALE DETAILS

PRICE

$24,950,000 USD

PRICE/SF

$708 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Brentwood on Wilshire

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

107

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

C4-1L-CDO

APN/PARCEL ID

4265-014-095

ASK ABOUT THIS PROPERTY

Sean FulpColliersMore Info
415-310-7331

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Sean FulpColliersMore Info
415-310-7331

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