New space, opened in July of 2017 with a build-to-suit construction in the heart of Downtown LA with 63 private units, two conference rooms, a lounge and great views of the central business district. Sale of center with over 5 years left on the initial lease term and two 5 year options to extend. Currently occupancy is around 50%, but the center is profitable. Great upside for a new owner to take over and reap the benefits. Current owner is selling to focus on personal matters. Take advantage of this opportunity while it lasts! Building has had many renovations and improvements over the last year and space has 1 GBPS Fiber internet connectivity.
At a glance
Last 12 Months' Income$653,000
Last 12 Months' Expenses$616,400
Annual Net Profit$36,600
Years in Operation1-2 years
Daily Operations Staffed
Remaining Time on LeaseLease 5+ years
QGreat opportunity for new management/owner!
Great tenant-mix, and great room to improve the current business. The business has essentially built itself over the last two years, and an involved owner can really realize upside in the operation and lease-up of the space.