300 South Spring Street
Los Angeles, CA 90013 ·
739,158 SF · Office For Sale
Ronald Reagan State Building
|Building Size||739,158 SF||Building Class||A|
|Property Sub-type||Institutional/Governmental||Year Built||1989|
|Property Use Type||Investment||Lot Size||2.82 AC|
|Occupancy||100%||Parking Ratio||0.51 / 1,000 SF|
|Listing ID: 16621479||Date Created: 03/24/2010||Last Updated: 04/26/2010|
We are privileged to present the opportunity to acquire a 100% fee simple interest in the Ronald
Reagan State Building, located at 300 South Spring Street in the central business district of Los Angeles, California (the Property ). The Property consists of two Class A office towers connected by a central atrium containing 739,158 rentable square feet over a three-level subterranean garage/basement
that can accommodate approximately 380 cars. Ronald Reagan is LEED® Registered with the certification goal of Silver, and final approval is currently pending. The Property was constructed in 1989 and consists of two high-rise office towers, a 14-story north tower, and a 16-story south tower, over two levels of subterranean parking garage with a lower level for thermal storage below the B2 parking level. The towers are connected via a four-story atrium/lobby area which includes water feature, art mural, and sculptures.
The Property is 100% leased, of which 99.8% is leased to the State of California for 20 years firm, providing an investor with stable and secure cash flows and built-in rent escalations.
IF YOU WOULD LIKE TO RECEIVE THE OFFERING MEMORANDUM, PLEASE FILL OUT THE REGISTRATION AGREEMENT IN THE ATTACHMENT SECTION OF THIS WEBSITE.
Ronald Reagan' s central location in the region provides access to an exceptionally deep labor pool with over 8 million people residing within a 20-mile radius of the Property. The Property is located in close proximity to Downtown' s preferred amenities and provides an owner the opportunity to further tie-in the Property to the heart of the Downtown market. The Property' s central location offers access to exceptional dining, banking, lodging, club, and retail amenities and is within minutes from major cultural attractions including Staples Center, LA Live and Disney Concert Hall.
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