Property History
Property Type
Property Type
Property Subtype
Marketing Description
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire 3330 Cahuenga (the "Property"), a 104,886 rentable square-foot, 5-story creative Class A office asset located at the convergence of Los Angeles' entertainment industry in Universal City.
The Property is 41% leased with approximately 4.88 years of weighted average remaining lease term offering a rare opportunity for an owner-user to acquire a renovated office building with in-place yield and the ability to grow into the project over time. The Property offers a unique branding opportunity with available building top signage, high visibility located directly off the 101 Freeway, and an abundance of onsite parking located in a two-level subterranean parking garage offering a 3.5/1,000 SF parking ratio.
Investment Highlights
- Highly Improved Creative Space 42% of the Property consists of highly improved creative improvements offering future reusability and limited capital costs
- Significant Discount to Replacement Cost Available at a significant discount to replacement cost and prior peak pricing offering a long-term competitive basis advantage
- In-Place Income 41% leased with approximately 4.88 years of weighted average remaining lease term providing in-place income and the ability to grow into the project over time
- Recently Renovated Featuring a recently renovated lobby, spec suite program, and base building upgrades
- Prominent Visibility From the 101 Freeway as well as Cahuenga Boulevard
- Above Standard Parking 3.5/1,000 RSF parking ratio with 369 stalls contained in two levels of subterranean parking garage
- Efficient Floorplates Ideal 18,500-22,200 RSF efficient floor plates, easily divisible for multi-tenant use
- Convenient Access Convenient access to the 101, 134, and 5 freeways in addition to the neighboring Burbank Media District (2 miles) and Hollywood (3.1 miles) markets
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
There are no additional details for this property
Contacts
Listing removed on
BY:
Kevin Shannon
•••.•••.2005
•••••.•••nnon@••••.com
Listing removed on
BY:
Rob Hannan
•••.•••.2014
•••.••nnan@••••.com
Listing removed on
BY:
Michael Moll
•••.•••.2016
•••••••.moll@••••.com
Listing removed on
BY:
Laura Stumm
•••.•••.4321
•••••.•tumm@••••.com
Listing removed on
BY:
Ken White
•••.•••.2006
•••.•hite@••••.com
Map
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