Your email has been sent.
1960 on Grand 1960 E Grand Ave 260,603 SF 85% Leased 4-Star Office Building El Segundo, CA 90245 For Sale
Investment Highlights
- Diversified Multi-Tenanted Income Stream
- El Segundo Market Leasing Momentum
- Tremendous Discount to Prior Peak & Replacement Cost
Executive Summary
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest 1960 E Grand (the “Property”)—a 260,603-square-foot Class A office campus located in El Segundo, California—one of LA’s most exciting coastal office leasing nodes. The Property has recently undergone a multi-million dollar capital renovation further enhancing the institutional quality of the asset while offering tenants a highly amenitized work environment in a unique park-like campus setting.
The Property is 79% leased with 3.3 years of WALT and represents a rare value-add opportunity to acquire a creatively repositioned Class A office campus at an attractive reset basis with strong in-place cashflow. Driven by its proximity to LAX, coastal climate, and concentration of major toy companies including Mattel’s world headquarters, the El Segundo market has become the destination for one of the most significant toy conventions in the world which has contributed to approximately 85,000 SF of toy showroom leases at the property over the last three years.
Situated on 5.4 acres of land, the Property includes additional FAR which allows for the potential office or hotel development of up to 94,000 SF.
Property Facts
Amenities
- 24 Hour Access
- Convenience Store
- Courtyard
- Fitness Center
- Food Service
- Metro/Subway
- Pond
- Property Manager on Site
- Restaurant
- Energy Star Labeled
- Car Charging Station
- On-Site Security Staff
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Professional, Scientific, and Technical Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
Columbus Technologies and Services, Inc. is an SBA Certified Small Disadvantaged Business, founded in 2001 by Mr. Ajay Handa. Their corporate headquarters is in El Segundo, California. Their east coast headquarters is in Greenbelt, MD, and they have several other office and work-site locations throughout the country. They are dedicated to customer satisfaction and providing high quality support in the areas of Engineering, Information Technology, Software Development, Science, Research and Development, and Professional Services. Columbus is CMMI/DEV ML 3 appraised and ISO 9001:2015 certified. They directly support several government agencies including NASA, NOAA, DoD, and HHS, as well as numerous academic and research institutions including the California Institute of Technology, UCLA, Brown University, the University of Maryland, and Drexel University.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Professional, Scientific, and Technical Services | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
SCIF space
- 7th Fl-Ste 720
- 2,372 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 280 | 6,328 SF | Office | - | Now |
| 3rd Fl-Ste 300 | 4,102 SF | Office | - | Now |
| 3rd Fl-Ste 380 | 2,268 SF | Office | - | Now |
| 4th Fl-Ste 400 | 5,740 SF | Office | - | Now |
| 5th Fl-Ste 500 | 9,196 SF | Office | - | Now |
| 7th Fl-Ste 720 | 2,372 SF | Office | - | Now |
| 10th Fl-Ste 1050 | 6,375 SF | Office | - | Now |
| 10th Fl-Ste 1080 | 2,633 SF | Office | - | Now |
2nd Fl-Ste 280
| Size |
| 6,328 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 4,102 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste 380
| Size |
| 2,268 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
4th Fl-Ste 400
| Size |
| 5,740 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
5th Fl-Ste 500
| Size |
| 9,196 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
7th Fl-Ste 720
| Size |
| 2,372 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
10th Fl-Ste 1050
| Size |
| 6,375 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
10th Fl-Ste 1080
| Size |
| 2,633 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 280
| Size | 6,328 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
SCIF space
3rd Fl-Ste 300
| Size | 4,102 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
3rd Fl-Ste 380
| Size | 2,268 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
4th Fl-Ste 400
| Size | 5,740 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
5th Fl-Ste 500
| Size | 9,196 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
10th Fl-Ste 1050
| Size | 6,375 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
10th Fl-Ste 1080
| Size | 2,633 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Property Taxes
| Parcel Number | 4138-007-065 | Improvements Assessment | $8,993,314 CAD |
| Land Assessment | $35,973,256 CAD | Total Assessment | $44,966,570 CAD |
Property Taxes
Presented by
1960 on Grand | 1960 E Grand Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.