11925 Wilshire

11925 Wilshire 11925 Wilshire Blvd
Los Angeles, CA 90057

  • $24,950,000

    Asking Price

  • $708

    Price PSF

  • 35,260 SF

    Square Feet

  • 26%

    Occupancy

  • Office

    Property Type

  • -

    Zoning

Description

Colliers presents the opportunity to acquire the fee-simple interest in 11925 Wilshire Boulevard, a 35,260 square-foot, three-story medical office building located in the Brentwood submarket of Los Angeles.

Built in 1991 and renovated in 2016/2023, the Property offers a turnkey creative design and modern layout to accommodate today’s medical, office, and retail tenants. The Property qualifies for AB 2097, which allows for the building to be converted to medical office use with its existing parking count, adding flexibility for investors and owner/users. With ample, usable outdoor space throughout the building, tenants can easily host outdoor meetings or entertain clients on the 2,272 square-foot second floor terrace.

Located in Brentwood, one of Westside Los Angeles’ most desirable submarkets, the high image Property commands views from more than 45,000 cars per day and provides quick access to I-405 and I-10. The Property also offers two levels of secure, underground parking.

11925 Wilshire Blvd. provides optionality for owner/users and additional, secure income with a recently signed, 10-year lease on the ground floor to UP Fitness. Owner/users have the option to occupy 26,241 square feet on the 2nd and 3rd floors, 14,377 square feet on the 2nd floor or 11,864 square feet on the 3rd floor. The possibility of adding a ±3,000 square-foot rooftop deck further expands the vast potential that 11925 Wilshire Blvd. offers.

Offering Summary

  • Asking Price$24,950,000
  • Price PSF$708
  • Property TypeOffice
  • Size35,260 SF
  • Occupancy26%
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Sale Details

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    Property Address

    11925 Wilshire Blvd
    Los Angeles, CA 90057

    Property Details

    • Property Type Office
    • Square Feet 35,260 SF
    • Occupancy 26%
    • Year Built 1991
    • Year Renovated 2023
    • Stories 3
    • Parking Ratio 3.00/1,000 SF
    • Acres 0.34 acres
    • Zoning C4-1L-CDO
    • APN 4265-014-095
    • Ownership Interest Fee Simple
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    Deal Team

    Sean Fulp

    Sean Fulp

    Vice Chair

    CA RE Lic. 01389064

    Mark Schuessler

    Mark Schuessler

    Executive Vice President

    CA RE Lic. 02033871

    Blake Hammerstein

    Blake Hammerstein

    Associate Vice President

    CA RE Lic. 02122555

    Jordan Garcia

    Jordan Garcia

    Associate Vice President

    CA RE Lic. 02090086