11333 Iowa Ave.
Los Angeles, CA 90025
Listing Details
Ally, as the exclusive agent for the Owner, is proud to present the sale of 11333 Iowa Ave. Los Angeles, CA, a premier, highly equipped creative office building that effortlessly combines style and functionality. Centrally located in the West LA Tech Hub, with ease of access to the 405 and 10 freeways, this property is in the heart of "Little Osaka," offering employees an amenity-rich environment with trendy restaurants and shops.
Featuring exposed brick, skylights, and abundant natural light, this modern office enhances a business's image and appeals to young professionals drawn to Sawtelle's vibrant scene. With comparable lease rates at $4 PSF NNN, investors benefit from a stabilized 5.49% CAP rate with no need for CAPEX or tenant improvements, while owner users can move in immediately without additional costs. The property also includes private on-site parking and offers versatility for a range of uses, making it an exceptional investment or owner-user opportunity in a prime market.
www.11333iowa.com
Asking: $9,000,000
Asking Price: $9,000,000
Building Size: 10,301 SF
Land Size: 8,711 SF
Proforma CAP Rate: 5.49% (Seller is willing to lease back a portion or all of the space at close of escrow for up to 2 years)
Zoning: C2