12429 Avalon Blvd
Los Angeles, CA 90061
PRICE REDUCTION - US Government Building · Office Property For Sale

The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively represent 12429 Avalon Boulevard, a single-tenant, 16,600 square foot office facility leased to the Los Angeles Social Security Administration Branch Office. The building is centrally located in Los Angeles, with immediate access to Interstate 110 and Interstate 105, on the northwest signalized corner of E. 126th Street and S. Avalon Boulevard. 12429 S. Avalon was built-to-suit for SSA in 2001, and leased to the US Federal Government via the General Services Administration. GSA has executed a lease renewal for a new 10-year term commencing in March 2017 for a stable and secure income stream. In year 6, there is a significant rent increase of 20%. The lease is guaranteed by the United States of America, which has a credit rating of Aaa from Moody’s Investor Services. SSA has almost 64,000 employees and 1,500 offices. 12429 S. Avalon is located in a dense urban infill location with approximately 1 million residents within a 5-mile radius.