• Unpriced

    Asking Price

  • 29,690

    Square Feet

  • 100%

    Occupancy

  • Single

    Tenancy

  • 6.8 Years

    WALT

  • 2018

    Year Renovated

Unpriced

Asking Price

29,690

Square Feet

100%

Occupancy

Single

Tenancy

6.8 Years

WALT

2018

Year Renovated

Description

Newmark Knight Frank (NKF), as exclusive advisor, is pleased to present the exceptional opportunity to acquire Expo Place, a single-tenant, NNN-leased asset located at 3317-3325 Exposition Place, Los Angeles, CA 90018 (the “Property”).

Expo Place is a high-quality adaptive reuse and creative office conversion, secured by the well-capitalized, publicly traded company, The RealReal, Inc. on a long-term basis. The Property is located in the dynamic, burgeoning and creative Expo Place Corridor which is Culver City adjacent, and in immediate proximity to multiple transit-oriented rail stops that provide access to Santa Monica, Culver City, West Los Angeles, DTLA and LAX.

This +/- 29,690 sq. ft. extensively repurposed creative office conversion with dock-high loading is leased through July 2027, providing durable long-term cash flow stability from a global brand located in the heart of the highly desirable and supply constrained creative office market of Los Angeles.

Newmark Knight Frank (NKF), as exclusive advisor, is pleased to present the exceptional opportunity to acquire Expo Place, a single-tenant, NNN-leased asset located at 3317-3325 Exposition Place, Los Angeles, CA 90018 (the “Property”).

Expo Place is a high-quality adaptive reuse and creative office conversion, secured by the well-capitalized, publicly traded company, The RealReal, Inc. on a long-term basis. The Property is located in the dynamic, burgeoning and creative Expo Place Corridor which is Culver City adjacent, and in immediate proximity to multiple transit-oriented rail stops that provide access to Santa Monica, Culver City, West Los Angeles, DTLA and LAX.

This +/- 29,690 sq. ft. extensively repurposed creative office conversion with dock-high loading is leased through July 2027, providing durable long-term cash flow stability from a global brand located in the heart of the highly desirable and supply constrained creative office market of Los Angeles.

Read More...

Pricing

  • Asking PriceUnpriced
  • WALT6.8 Years
  • NOI$1,364,605

Details

  • Property TypeOffice | R&D/Flex
  • Property StatusOffers Due
  • Call for Offers11/06/2020
  • Square Feet29,690
  • Year Built1963
  • Year Renovated2018
  • Building ClassA
  • Building(s)2
  • Stories1 & 2
  • Parking Ratio1.8/1,000 RSF
  • Acres0.61
  • ZoningLAM1
  • APN5044-002-012
  • TenancySingle
  • Tenant(s)The RealReal, Inc.
  • Occupancy100%
Read More...

Offering Summary

Pricing

  • Asking PriceUnpriced
  • WALT6.8 Years
  • NOI$1,364,605

Details

  • Property TypeOffice | R&D/Flex
  • Property StatusOffers Due
  • Call for Offers11/06/2020
  • Square Feet29,690
  • Year Built1963
  • Year Renovated2018
  • Building ClassA
  • Building(s)2
  • Stories1 & 2
  • Parking Ratio1.8/1,000 RSF
  • Acres0.61
  • ZoningLAM1
  • APN5044-002-012
  • TenancySingle
  • Tenant(s)The RealReal, Inc.
  • Occupancy100%

Deal Team

Sean Fulp

Executive Managing Director

CA RE Lic. #01389064

View profile

Ryan Plummer

Managing Director

CA RE Lic. #01765854

View profile

Mark Schuessler

Director

CA RE Lic. #02033871

View profile

Ryan Tetrault

Associate

CA RE Lic. #01996711

View profile