Historical Office Sale Listing - Ronald Reagan State Building

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Ronald Reagan State Building

300 South Spring Street, Los Angeles, CA 90013

N/A

739,158 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
739,158 SF
Property Type:
Office
Property Sub-type:
Institutional/ Governmental
Property Use Type:
Investment
Occupancy:
100%
No. Stories:
16
Building Class:
A
Tenancy:
Single
Year Built:
1989
Lot Size:
2.82 AC
Parking Ratio:
0.51 / 1,000 SF
Listing ID
16621479
Last Updated
over 1 year ago

Description

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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Created 3/24/2010