Listed by CBRE - West LA
$5,500,000
1312-1316 Westwood Blvd
Details
Property Type Office
Sub Type Creative Office
Square Footage 11,482
Occupancy 28.54%
Year Built 1958
Year Renovated 2021
Acreage 0.210
Parking Spaces 10 spaces
Parking Per SqFt 0.87
Investment Type Owner/User
Office | 11,482 SqFt
Marketing description
CBRE is pleased to offer for sale 1312 - 1316 Westwood Boulevard, a boutique mixed use creative office building perfect for an owner / user or investor. The property features ground floor retail and two stories of creative office space and boutique wet lab facilities clustered around a central courtyard. The property is located just
south of Wilshire Boulevard and offers great proximity to the UCLA campus and the many amenities of Westwood.
There are private suites, ground level patios surrounding a central courtyard area in addition to surface parking in the rear and a gated entrance and exit ensuring privacy and security. The property provides a mini campus-like setting around a central courtyard area with private suites, ground level patios, surface parking and a gated entrance and exit. Located just minutes from Westwood Village, the property is walking distance to an impressive array of retail and restaurants while also minutes from Brentwood, Bel Air, Beverly Hills and the 405 Freeway on and off ramps along Wilshire Boulevard. The property is one block south of the Metro Westwood/UCLA Purple Line stop which is expected to be completed by 2026.
The property’s unique mixed use is in a submarket, Westwood, which continues to attract a diverse tenant mix making this a great investment opportunity. Not only is Westwood home to the University of California Los Angeles, the California Nano Systems Institute, UCLA Ronald Reagan Hospital but also companies like Google, Equinox, KB Home, Puma Biotechnology and more.
While Westwood has been known for its retail and office space, life science tenant demand continues to increase throughout the region. Life science companies will continue to search for available wet lab space within close proximity to UCLA. The building’s turnkey lab units provide healthcare and life science companies and practitioners with private suites near one of the region’s largest life science anchor institutions.
Investment highlights
- High Demand Life Science Wet Lab Buildout
- Westwood Village / Wilshire Corridor Adjacent
- Recently Renovated
- Mid-century Modern Design
- Private Offices With Direct Access
- Indoor / Outdoor Spaces
- Ideal Owner / User Opportunity
Listing Contacts
Listed by CBRE - West LA
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