8870 Washington Blvd Culver City, CA 90232
- Office Properties & Spaces
- 29,723 SF
- 0.99 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 8870 Washington Blvd
- Lot size
- 0.99 lot acres
- Property size
- 29,723 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Office space
Description
This exceptional Class A creative office complex, located at 8870 Washington Blvd and 8919 Lindblade St in Culver City, CA 90232, presents a rare investment opportunity. The property comprises two buildings totaling 29,723 net rentable square feet on a 0.99-acre lot. Built in 1958 and 1963, and extensively renovated in 2015, this single-tenant property boasts a 100% occupancy rate. Currently, it's fully leased to Technicolor Creative Services USA under a long-term, triple-net (NNN) lease commencing November 2015 and extending through May 2028, with a corporate guarantee from Technicolor SA. The property's Net Operating Income (NOI) is $1,710,590. Situated in the heart of Culver City's thriving media and entertainment district, this irreplaceable adaptive reuse complex benefits from unparalleled access to major freeways (I-405 and I-10), placing it strategically between Santa Monica and Downtown Los Angeles. The property's location within the highly desirable West LA market, near prominent companies like Amazon, Apple, ByteDance, and HBO, ensures strong long-term value. This offering presents a significant discount compared to current market pricing for comparable creative office spaces. The property is a one-story building with a total of one story. This is a core investment opportunity with significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Culver City
- County
- Los Angeles
- State
- California
- Longitude
- -118.389
- Latitude
- 34.0267
