Law Firm Building 1635 Pontius Ave Bureau 507 m² À vendre Los Angeles, CA 90025 4 030 798 € (7 946,36 €/m²)

Kidder Mathews has been exclusive retained to market the sale of this office building with an irreplaceable Westside location. The property is next to the corner of Santa Monica Blvd, adjacent to the 405 Freeway on-ramp. The first floor is currently a well-known Architectural firm, who has been a seasoned tenant in the ground-floor space and just had their long-term tenancy rolled over into a month-to-month situation. They are currently paying $4.21psf modified gross and would remain as a tenant, if new owner did not intend to occupy the first floor. Architectural Firm has a modern open space layout with a couple perimeter offices and conference room, plus exposed 10-foot ceilings. The second floor which is greater than 51% of the rentable square footage, is currently occupied by a Law Firm, with a 5-year lease expiring at the end of this year, with no options to renew. This space has approximately $1M of tenant improvements with high-end modern finishes, ideal for a corporate headquarter location. The property features up to 10 parking spaces and there are several options for additional parking spaces, across the street has massive parking structure and competitive monthly rates. There is also a 10-foot alley between Tesla and Starbucks building, which gives generous access to the side ground-level door (18W’ X 10’5”H) garage which accommodates up to 4 cars and has a permitted wine cellar.
AB2097 recently passed at the State Level allows the location of this property with its proximity to transit to convert into a medical and dental uses.
An Owner-User could occupy either floor or the entire premises, several Conventional Lenders now offering interest rates in the high 5% range, with less than the traditional 51% SBA occupancy requirements and as low as 15% to 20% down payment to acquire this West LA gem.