Property profile

8870 Washington Blvd Culver City, CA 90232

OFF-MARKET
Office Spaces
29,723 SF 0.99 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Total area 29,723 SF
Lot 0.99 ac (43,124 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8870 Washington Blvd Culver City, CA 90232
Culver City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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