Year Build: 0
Building Size: 78,237 SqFt.
No of Stories: 5
Total Lot Area: 1.24 Acre
No of Parking: 0
No of Total Units: 0
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
This is an investment opportunity to acquire fee simple interest in 5900 North Sepulveda Boulevard in Sherman Oaks, California. Situated on 1.24 acres, the five-story Class B professional office building totals ±78,237 gross square feet and offers secured surface and garage-level parking. The property is currently 86% leased to 33 diverse local and regional tenants. Fronting on the well-traveled Sepulveda Boulevard, the high-identity building benefits from immediate access to the 405 and 101 freeways, a robust labor pool, and exceptional access to retail and dining amenities. This exciting acquisition presents an investor with stable in-place cash flow and future upside due to in-place rents being 7.0% below current market rates.