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626 Wilshire Blvd 162,837 SF 56% Leased 4-Star Office Building Los Angeles, CA 90017 For Sale 10% Cap Rate



Investment Highlights
- Diversified rent roll of 26 tenants with a weighted average lease term (WALT) of 4.9 years
- Recent tenant commitments at the Property totaling approximately 15,000 square feet from firms in the legal, engineering, architecture, and energy
- $2 million of recent capital improvements include restroom renovations, elevator modernization, renovated ground-floor amenity space
- Data Center Tenancy with Long-Term Commitment Through 2038
- Premier Location in the Heart of Los Angeles’ Financial District boasts a 99 Walk Score and a 100 Transit Score
- The Property features 14,781 square feet of divisible, high-visibility corner retail space with 18-foot ceilings
Executive Summary
Cushman & Wakefield, Inc., in conjunction with RealINSIGHT Marketplace, is offering the opportunity to purchase a non-performing senior mortgage (the “Loan”) secured by 626 Wilshire Boulevard, a 153,758-square-foot, prominent 12-story office tower (“626 Wilshire” or the “Property”) located in Downtown Los Angeles’ Financial District. The loan, with a current basis of approximately $22 million ($141 PSF), matured in July 2025 and is now in maturity default. The lender’s representatives have taken prudent steps to protect its interests.
The loan is to be sold through an auction conducted during the following dates: 4/13/2026 – 4/15/2026. Register to bid for the auction and to access to due diligence here: https://rimarketplace.com/auction/3068/office/los-angeles/ca
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$2,138,838
|
$13.13
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $2,138,838 |
| Annual Per SF | $13.13 |
Property Facts
Amenities
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Fitness Center
- Metro/Subway
- Property Manager on Site
- Security System
- Car Charging Station
- Central Heating
- Secure Storage
- Air Conditioning
- Smoke Detector
- 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
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Americas Legal Immigration Foundation has been representing immigrants nationwide since 1986 with substantial success.
Barker Pacific Group, Inc., (BPG) is a firm of experienced real estate professionals active in the acquisition, development, property management, asset management, and construction management of major commercial projects. Founded in 1983, it has developed and owned first-class properties located throughout California, including San Francisco, Los Angeles, Sacramento and San Diego, as well as Austin, San Antonio, Houston, Phoenix, Las Vegas, and South Florida. Michael Barker serves as the CEO and Managing Director of the firm, which maintains offices in Los Angeles, San Francisco, Concord, Sacramento, Fullerton, Pasadena, Phoenix, and Las Vegas.
At the turn of the 20th century, Fred Borton and James Petrini formed what is today The Law Offices of Borton Petrini, LLP. Joined by Harry Conron in 1932, these original partners forged a strong alliance of legal talent that would become a leading California law practice. Today, Borton Petrini, LLP, has matured into the 21st century with a comprehensive understanding of California’s law, people, and businesses. Many of their partners have helped shape California law and become judges and justices within the California legal system. With 10 strategically placed offices throughout the Golden State, Borton Petrini, LLP, is a premier California law practice, offering unrivaled experience and unparalleled results, with California style.
Coffman Engineers was founded in 1979 by Dave Coffman and has grown to include offices nationwide and a broad range of service offerings, while maintaining its commitment to innovative work and enduring relationships. Each office is locally managed with staff actively engaged in the community, fostering a focused and proactive culture. Coffman values integrity, honesty, and respect, and supports charitable efforts through donations of time and capital. The firm stands against societal constructs that inhibit thriving and celebrates the diversity of its people. Coffman Engineers is committed to an everyone culture where every person has the opportunity to thrive.
ENTRUST Solutions Group is a privately held engineering and consulting firm serving the utility and energy infrastructure sector. Founded in 2002, the company provides engineering, design, consulting, automation, asset integrity, and data solutions to gas and electric utilities, pipeline operators, telecommunications providers, and industrial clients. ENTRUST supports infrastructure projects across the full energy delivery lifecycle, including generation, transmission, distribution, and communications systems. Over its operating history, the company has expanded its geographic footprint and service capabilities through organic growth and strategic acquisitions. ENTRUST remains privately held and operates as a distinct platform pending transaction close.
Freeman & Mills is one of the most respected and experienced litigation consulting firms in the U.S. Since its founding in 1978, the firm has provided litigation support services to attorneys in developing case strategy, assessing issues of causation and liability, formulating the measurement of damages, and providing expert witness testimony.
- Golden Boy
- Professional, Scientific, and Technical Services
- -
- $49.36 CAD
- Full Service
- Aug 2029
Los Angeles-based Golden Boy Promotions was established in 2002 by 10-time world champion in six divisions Oscar De La Hoya, the first Hispanic to own a national boxing promotional company. Golden Boy Promotions is one of boxing’s most active and respected promoters, presenting shows in packed venues around the world. In its 15-year existence, Golden Boy Promotions has promoted some of the biggest and highest grossing events in the history of the sport.
James G. Elliott Co., Inc. (JGECO) is one of the nation’s largest national outsourced advertising sales firms for consumer, B2B, association, and digital and print media brands The James G. Elliott Co., Inc. (JGECO), founded in 1984 as a regional advertising sales firm, has evolved into one of the nation’s largest national outsourced media sales companies for advertising, exhibits, and sponsorships. With offices in New York, Chicago, and Los Angeles, JGECO has generated an estimated $750 million in revenue for more than 600 brands. They help to simplify sales operations by providing their clients with an alternative to managing their own direct employees or patchwork of regional representative firms.
Telehouse was founded in 1989 as a pioneer in carrier-neutral colocation services, establishing its first purpose-built data center in Staten Island, New York. The company is a wholly owned subsidiary of KDDI Corporation, a global Fortune 300 telecommunications provider headquartered in Tokyo. Telehouse has evolved into a leading global data center operator, offering colocation, connectivity, and cloud solutions across more than 45 facilities in 23 cities worldwide. Its core business focuses on providing secure, resilient infrastructure for mission-critical IT systems, complemented by interconnection services through major Internet Exchanges such as NYIIX in New York and LAIIX in Los Angeles. Telehouse’s investment strategy emphasizes carrier-neutral data centers with high connectivity ecosystems, targeting Tier III facilities in major metropolitan hubs. The company’s asset class focus is primarily data centers, positioning itself within the growing digital infrastructure sector rather than traditional office or retail real estate. Telehouse’s portfolio spans North America, Europe, and Asia-Pacific, with significant clusters in London Docklands, Tokyo, and New York, which serve as strategic interconnection hubs. Top markets include London , Tokyo, and New York. Recent expansion into Toronto through the acquisition of three data centers underscores its North American growth strategy. Major customers include global carriers, cloud providers, and enterprises in finance and gaming sectors. While tenant-specific revenue data is limited, hyperscale and cloud clients such as AWS and Microsoft Azure are key contributors through direct interconnect services. Telehouse’s strategic positioning leverages its parent company’s global network, enabling low-latency connectivity and disaster recovery solutions for multinational corporations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Professional, Scientific, and Technical Services | - | - | - | - | |
|
Construction | - | - | - | - | |
|
Professional, Scientific, and Technical Services | - | - | - | Nov 2026 | |
|
Professional, Scientific, and Technical Services | - | - | Full Service | Oct 2022 | |
|
Professional, Scientific, and Technical Services | - | - | - | Apr 2023 | |
|
Professional, Scientific, and Technical Services | - | - | - | - | |
| Golden Boy | Professional, Scientific, and Technical Services | - | $49.36 CAD | Full Service | Aug 2029 | |
|
Professional, Scientific, and Technical Services | - | - | - | Oct 2024 | |
|
Professional, Scientific, and Technical Services | - | - | - | - | |
|
Information | - | $35.70 CAD | Full Service | Aug 2038 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 150
- 2,213 SF
- Office
- Full Build-Out
- 30 Days
Move-In ready spec suite
- 2nd Fl-Ste 240
- 2,994 SF
- Office
- -
- Now
Build to suit opportunity and private outdoor deck
Build to suit opportunity
2nd generation law firm space
2nd generation suite
2nd generation suite
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 5,750 SF | Office | Full Build-Out | 30 Days |
| 1st Fl-Ste 150 | 2,213 SF | Office | Full Build-Out | 30 Days |
| 2nd Floor | 3,120 SF | Office | - | Now |
| 2nd Fl-Ste 240 | 2,994 SF | Office | - | Now |
| 3rd Fl-Ste 320 | 3,333 SF | Office | - | Now |
| 5th Fl-Ste 575 | 2,885 SF | Office | Full Build-Out | Now |
| 7th Fl-Ste 712 | 1,352 SF | Office | Full Build-Out | Now |
| 7th Fl-Ste 714 | 2,997 SF | Office | - | Now |
| 8th Fl-Ste 800 | 8,000 SF | Office | Full Build-Out | Now |
| 8th Fl-Ste 810 | 1,231 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 5,750 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 150
| Size |
| 2,213 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Floor
| Size |
| 3,120 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 240
| Size |
| 2,994 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 320
| Size |
| 3,333 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
5th Fl-Ste 575
| Size |
| 2,885 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
7th Fl-Ste 712
| Size |
| 1,352 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
7th Fl-Ste 714
| Size |
| 2,997 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
8th Fl-Ste 800
| Size |
| 8,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
8th Fl-Ste 810
| Size |
| 1,231 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size | 5,750 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
2nd Floor
| Size | 3,120 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Move-In ready spec suite
3rd Fl-Ste 320
| Size | 3,333 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Build to suit opportunity and private outdoor deck
5th Fl-Ste 575
| Size | 2,885 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Build to suit opportunity
7th Fl-Ste 712
| Size | 1,352 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
7th Fl-Ste 714
| Size | 2,997 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
2nd generation law firm space
8th Fl-Ste 800
| Size | 8,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
2nd generation suite
8th Fl-Ste 810
| Size | 1,231 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
2nd generation suite
Property Taxes
| Parcel Number | 5144-006-025 | Improvements Assessment | $21,022,465 CAD |
| Land Assessment | $7,644,522 CAD | Total Assessment | $28,666,987 CAD |
Property Taxes
Presented by
626 Wilshire Blvd
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