First time available in 27 years, this meticulously maintained and Best in Class property comes to market. Due to influx of apartment development in the downtown, and planned residential conversion of only Class A highrise, finding quality professional office space is challenging for tenants. Below market rents provide strong upside over next 2yrs, with achievable market rent ranging $2.25-2.35. 2026/Yr 1 estimated 471K NOI includes standard vacancy and a mgt fee, even though fully leased (and currently self-mananged), therefore there is probable expectation of higher NOI.
Major longterm tenants include: Berg & Assoc., County of LA/ Supervisor Hahn, Ephiphany, Crowley, Pierry McAdams and numerous other law /professional firms; Think Cafe.