911 Broxton Ave
Los Angeles, CA 90024
UCLA Health Single Tenant Trophy Offering · Office Property For Sale

Pegasus Investments Real Estate Advisory Inc., as exclusive sale advisor to seller, is pleased to offer 911 Broxton in Westwood Village (West Los Angeles), California (the Property). The offering represents a once-in-a-generation opportunity to acquire a single tenant office building 100% leased to the UC Regents and occupied by UCLA Health. The Property is situated at the southwest corner of Le Conte & Broxton directly across from the UCLA campus in the heart of Westwood Village and features subterranean parking. Offered for sale for the first time since the current ownership developed the property 40 years ago, the Property has been tenanted by UCLA for the past two decades. UCLA first occupied the building in the mid-1980s, expanding its presence over the next decade when it finally took over the entire building in the late 1990’s. In 2019, UCLA extended its lease term yet again, signing a new 5 year modified gross lease. In connection with the new lease, the landlord and tenant recently completed a major million-dollar renovation of the building. The lease is signed by The Regents of the University of California, which carries an impeccable investment grade credit rating (“AA-“), and provides impressive 2% annual rent increases throughout the base 5-year term.