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Ronald Reagan State Building
300 South Spring Street, Los Angeles, CA 90013
739,158 SF | Office
Office Property - Off Market
- Building Size:
- 739,158 SF
- Property Type:
- Property Sub-type:
- Institutional/ Governmental
- Property Use Type:
- No. Stories:
- Building Class:
- Year Built:
- Lot Size:
- 2.82 AC
- Parking Ratio:
- 0.51 / 1,000 SF
- Listing ID
- Last Updated
- over 1 year ago
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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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P