Bristol Plaza_Immobilie zu verkaufen
Bristol Plaza_Immobilie zu verkaufen
6167 Bristol Pkwy, Culver City, CA, 90230-6610, US

Bristol Plaza

Objektbeschreibung

The Property sits on a generous lot, offering potential for significant development and

expansion, maximizing Property value. With a count of 360 parking spaces, including a

garage and outdoor spots, this meets and exceeds average parking needs, providing

a rate of 3.9 spaces per 1,000 sq ft.

 

The Property’s unique tenant mix and strategic location position it for strong financial

performance and long-term value appreciation:

• 20% of current occupants have medical uses with significant infrastructure and

capital intensive improvements.

• The thriving local market, especially the successful growth of media and

entertainment sectors like TikTok in the immediate vicinity, presents significant

potential for the Property to outperform.

Centrally located within minutes of downtown Culver City and Playa Vista, and close

to El Segundo, Santa Monica, and Century City, Bristol Plaza is positioned perfectly

for tenants needing to network and connect seamlessly across these markets. This

represents an extraordinary opportunity to own a boutique asset perfectly positioned

to capitalize on the thriving submarket.

...

Eigenschaften

Gebäudefläche netto
7.866 m²
Vermietungsstand
88 %
Baujahr
1982

Medien

Investment-Highlights

SECURE TENANCY: Medical and dental tenants represent 20% of the current occupants and have invested in significant upgrades to their spaces. This makes them stable, long-term tenants likely to remain in the building.

RECENT LEASING MOMENTUM: The property’s appeal and strong market positioning is exemplified by the recent 8,000 square foot lease signed by the County of Los Angeles at a competitive rate of $4.10 per square foot, full service gross.

MARKET OPPORTUNITY & INDUSTRY GROWTH: There’s significant potential for this Property to tap into the rapidly expanding local market, particularly with the successful growth of media, entertainment and gaming sectors in Culver City. Dynamic tenants like TikTok, Netflix and Google have expanded in proximate area. Sony, Amazon, Apple, and HBOMax’s production divisions headquarter in Culver City.

AMPLE PARKING:With a count of 360 parking spaces, including a garage with 149 covered stalls and outdoor spots, this meets and exceeds market parking needs, providing a rate of 3.9 spaces per 1,000 sq ft.

PRIME LOCATION: Centrally located within 15 minutes of downtown Culver City and Playa Vista, and close to El Segundo, Santa Monica, and Century City, this Property is positioned perfectly for tenants needing to network and connect seamlessly across these markets.

OPPORTUNITY FOR DEVELOPMENT: The Property sits on a generous 2.61-acre lot, offering potential for significant development and expansion, maximizing value.

ATTRACTIVE BASIS: Recent trades in Culver City are predominantly at or above the $1,000 per square foot mark, showcasing an enticing opportunity to procure Property at an appealing basis.

Bristol Plaza 4_Immobilie zu verkaufen
Bristol Plaza 4_Immobilie zu verkaufen

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Bristol Plaza (0 Objekte)
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Zuletzt aktualisiert
16. Mai 2024