- County: Los Angeles
- Property Type: Office
- Office Building
- Building Size: 257,989 SF
- Building Class: A
- Occupancy: 90%
- Price: $52,500,000
- Price/SF: $203.50/SF
- Cap Rate: 8.26%
- Status: Active
- LoopNet ID: 16259613
Location Description
Landmark Asset: Pacific Pointe has been an iconic part of the South Bay Skyline since was completed in 1988. Featuring a distinct architectural character with striking blue spandrel glass accented by aluminum mullions, distinguished angles, and prominent freeway visibility.Superb Regional Access: Immediate access and visibility from the 405 (San Diego) and 110 (Harbor) Freeway interchange which has a daily traffic volume of over 1 million cars per day, and within three miles of 91 (Artesia) and 105 (Century) Freeways.
Situated between the San Fernando Valley and Orange County with convenient access to downtown Los Angeles, Pacific Pointe offers tenants an ideal regional consolidation location. This central location provides attractive proximity to an abundant skilled labor pool and premier executive housing in the nearby communities of Palos Verdes, Rolling Hills, Manhattan Beach, Hermosa Beach, and Redondo Beach.
Property Description
CB Richard Ellis is pleased to present the opportunity to acquire Pacific Pointe. This 91% leased 257,989 SF Class A office building located adjacent to the San Diego (405) Freeway.This offering represents a rare opportunity to acquire an institutional quality office building in the heart of the South Bay.
The building is one of the most visible office towers in all of Los Angeles County with direct frontage and unparalleled visibility from the 405 freeway.
Strong credit tenants such as Northrop Grumman (S&P Rating: BBB+) IBM (S&P Rating: A+), Hyundai Corp. (S&P Rating: BBB) and Kintetsu Intl. Express (S&P Rating: BB+) comprise over 22% of the rent roll and anchor the projects cash flow.
IF YOU WOULD LIKE TO RECEIVE THE OFFERING MEMORANDUM, PLEASE FILL OUT THE CONFIDENTIALITY AGREEMENT IN THE ATTACHMENT SECTION OF THE WEBSITE.
