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Park DTLA 5 Office Properties in Los Angeles, CA
Investment Highlights
- OWNER-USER | 4.6 ACRE | CREATIVE CAMPUS OPPORTUNITY
- Significant Discount to Replacement Cost & Prior Peak
- Potential Development/Redevelopment Upside (High Density/Mixed-Use Zoning)
- Fee-Simple Ownership Opportunity
- Creative Office Capital Renovation
Executive Summary
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in The Park DTLA (the “Property”), a five-building creative office campus totaling 278,131 square feet in Downtown Los Angeles’ CBD. Situated on an expansive 4.59-acre site, the Property features approximately 30,000 square feet of enclosed outdoor space, distinguishing The Park DTLA as the only true low-rise creative office campus in the Downtown submarket.
The Property is currently 14.4% leased, with all tenants leasing on a month-to-month basis, providing flexibility for an owner-user to acquire up to 278,131 square feet of creative office space. Park DTLA offers users a unique branding opportunity with tremendous freeway visibility off of the 110 Freeway as well as street visibility with prominent monument branding at the corner of South Figueroa and 3rd Street.
The Property is currently 14.4% leased, with all tenants leasing on a month-to-month basis, providing flexibility for an owner-user to acquire up to 278,131 square feet of creative office space. Park DTLA offers users a unique branding opportunity with tremendous freeway visibility off of the 110 Freeway as well as street visibility with prominent monument branding at the corner of South Figueroa and 3rd Street.
Property Facts
| Sale Type | Investment or Owner User | Individually For Sale | 0 |
| Status | Active | Total Building Size | 280,487 SF |
| Number of Properties | 5 | Total Land Area | 4.60 AC |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 280,487 SF |
| Total Land Area | 4.60 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg 1
221 S Figueroa St, Los Angeles, CA 90012 |
Office | 119,778 SF | 1979 | - |
|
Bldg 5
261 S Figueroa St, Los Angeles, CA 90012 |
Office | 91,909 SF | 1979 | - |
|
Bldg 2
201 S Figueroa St, Los Angeles, CA 90012 |
Office | 31,177 SF | 1979 | - |
|
Bldg 3
241 S Figueroa St, Los Angeles, CA 90012 |
Office | 23,518 SF | 1979 | - |
|
Bldg 4
281 S Figueroa St, Los Angeles, CA 90012 |
Office | 14,105 SF | 1979 | - |
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Videos
Matterport 3D Exterior
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Photos
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Park DTLA
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