Historical Office Sale Listing - 6-Story Office Bldg. | Inglewood, CA

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6-Story Office Bldg. | Inglewood, CA

336 E. Hillcrest Blvd., Inglewood, CA 90301

N/A

62,350 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
62,350 SF
Property Type:
Office
Property Sub-type:
Medical Office
Additional Sub-types:
Mid/High-Rise
Office Building
Property Use Type:
Investment
Auction:
Yes
Building Class:
B
Tenancy:
Multiple
Lot Size:
24,002 SF
Listing ID
17846758
Last Updated
over 1 year ago

Description

CBRE Auction Services is pleased to present for online auction 336 E. Hillcrest Blvd., Inglewood, CA.

336 Hillcrest is a 62,350 square foot six-story steel frame multi-tenant office/medical building constructed in 1962 utilizing the unique features of Brutalist architecture which flourished from the 1950s to the mid 1970s and grew from the modernist architectural movement. The ground floor offers retail exposure with glass storefronts with the majority of the space leased to three tenants. The 2nd and 3rd floors provide indoor parking for tenants and visitors providing direct access to the building. The 4th, 5th and 6th floors offer 47,701 rentable square feet of contiguous space and feature panoramic views of the LA Basin. The 4th floor has a secluded exterior patio/deck area. The 6th floor has a large wrap around terrace offering a refreshing open air environment.

The building is located across the street from an anchored shopping center and is adjacent to downtown Inglewood. The downtown area is an established civic and commercial center with abundant retail, banking and dining amenities. The landscaping in the area was revitalized in the past few years with over $5 million of city funding. 336 Hillcrest is within one mile of Centinela Hospital and Hollywood Park Race Track & Casino. It is also just a short drive to Los Angeles International airport.

- VALUE-ADD: 17% occupancy allows for significant increase in NOI
- 72,817 Gross SF with 116 parking spaces
- Excellent location near LAX, Madison Square Garden West (Forum) and Hollywood Park
- Potential for adaptive re-use to multiple uses including housing

Map of 336 E. Hillcrest Blvd., Inglewood, CA 90301 (Los Angeles County)

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Created 9/25/2012