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Seller MAY Finance 8601-8635 Washington Blvd 30,000 SF 52% Leased Office Building Culver City, CA 90232 For Sale



INVESTMENT HIGHLIGHTS
- “Architecture as Art”. Bespoke Construction by world famous architects, SPF:a
- Eight 2 Bed/1 Bath Loft-Style Units across the top, 15K sq. ft. Office/Retail/Dining on the ground floor, 15K sq. ft.
- Most tenants are MTM or on short-term leases. Immediate upside opportunity.
- 2007-built Trophy for Investor or Owner/User. Excellent Culver location only blocks to Helms Bakery District.
- Large, subterranean parking structure
- Proforma rents of almost $1,700,000/year
EXECUTIVE SUMMARY
A bespoke, modern, mixed-use, landmark building in the heart of Culver. Excellent visibility on well-traveled, Washington and highly walkable to "the best of Culver", including the Helms Design District, Hayden Tract & Downton Culver.
MODAA
by SPF:architects
Bespoke LIVE/WORK LOFTS over Premier RETAIL/DINING/GALLERY/OFFICE
A Sublime Asset. An Extraordinary Opportunity.
Museum of Design Art + Architecture aka MODAA
"MODAA was originally developed by SPF:a in 2007, designed to capture the flavor of the city’s 1920s art deco origin without conforming to the historic style. The façade, which has been designated by Los Angeles’ Cultural Affairs Commission as “Architecture as Art,” explores the variation, movement, velocity, and tempo of the city on all scales.
As the building is sited exactly on the transition line between The Helms Bakery District and Culver City’s less developed eastern corridor, MODAA stands as a visual representation of the old and new of Culver City, and provides a gateway to its burgeoning arts and design scene.
Materially, the façade features an arrangement of black and white Nordic Cement Panels that protrude at various depths. On the surface, the treatment creates a dynamic visual exchange with the street, but functionally serves as a rain screen, adds insulation, and acts as an acoustic diffuser to Culver City’s main artery.
MODAA’s ground floor currently houses SPF:a’s studio, a global modeling agency, and an art gallery. The second-floor houses, currently, seven live/work, 2-story lofts featuring 16-foot ceilings, individual mezzanines, and glass sliding doors on the southern wall; these units are currently used as a co-working space/incubator."
-world-architects.com
"The facade of the SPF:a office headquarters and MODAA Lofts explores the relationship between art and architecture. The facade design was approved by the City under "Architecture as Art" in fulfillment of the public art requirement for this live/work development project.
SPF:a is only the second design firm to receive an "Architecture as Art" designation since 1995. Constructed of cement fiberboard panels, the facade of the building acts as a rain screen and shading system. The panels themselves, which vary in size, relief, and positioning are supposed to reflect the activities within the building. The floating membrane, which also serves a functional purpose, is designed to articulate the passage of time and represent a musical metaphor.
Founded in 1988, Studio Pali Fekete Architects (SPF:a) has completed projects ranging in size and scope from 5,500 square foot private homes to the 300,000 square foot Getty Villa Museum renovation."
-culvercity.org
Building and "Deal" Details
+
30,000+/- sq. ft - 360' long and 32' high
+
Cement fiberboard facade
+
Large, subterranean parking structure and striped surface spaces in rear (over 80)
+
NEW, foam roof
+
20' ft ceilings 1st floor, 16' ft 2nd floor
+
15K sq. ft. Retail/Office/Dining on 1st floor (btv)
+
15K sq. ft. Live/Work across the top (btv)
+
8 LARGE Live/Work Lofts (current configuration is 7, one Loft is a "double")
+
ALL BUT ONE LOFT IS MONTH-MONTH & GROUND FLOOR LEASES ARE COMING DUE
+
IMMEDIATE OWNER/USER OR MARKET RENT OPPORTUNITIES THROUGHOUT!
MODAA
by SPF:architects
Bespoke LIVE/WORK LOFTS over Premier RETAIL/DINING/GALLERY/OFFICE
A Sublime Asset. An Extraordinary Opportunity.
Museum of Design Art + Architecture aka MODAA
"MODAA was originally developed by SPF:a in 2007, designed to capture the flavor of the city’s 1920s art deco origin without conforming to the historic style. The façade, which has been designated by Los Angeles’ Cultural Affairs Commission as “Architecture as Art,” explores the variation, movement, velocity, and tempo of the city on all scales.
As the building is sited exactly on the transition line between The Helms Bakery District and Culver City’s less developed eastern corridor, MODAA stands as a visual representation of the old and new of Culver City, and provides a gateway to its burgeoning arts and design scene.
Materially, the façade features an arrangement of black and white Nordic Cement Panels that protrude at various depths. On the surface, the treatment creates a dynamic visual exchange with the street, but functionally serves as a rain screen, adds insulation, and acts as an acoustic diffuser to Culver City’s main artery.
MODAA’s ground floor currently houses SPF:a’s studio, a global modeling agency, and an art gallery. The second-floor houses, currently, seven live/work, 2-story lofts featuring 16-foot ceilings, individual mezzanines, and glass sliding doors on the southern wall; these units are currently used as a co-working space/incubator."
-world-architects.com
"The facade of the SPF:a office headquarters and MODAA Lofts explores the relationship between art and architecture. The facade design was approved by the City under "Architecture as Art" in fulfillment of the public art requirement for this live/work development project.
SPF:a is only the second design firm to receive an "Architecture as Art" designation since 1995. Constructed of cement fiberboard panels, the facade of the building acts as a rain screen and shading system. The panels themselves, which vary in size, relief, and positioning are supposed to reflect the activities within the building. The floating membrane, which also serves a functional purpose, is designed to articulate the passage of time and represent a musical metaphor.
Founded in 1988, Studio Pali Fekete Architects (SPF:a) has completed projects ranging in size and scope from 5,500 square foot private homes to the 300,000 square foot Getty Villa Museum renovation."
-culvercity.org
Building and "Deal" Details
+
30,000+/- sq. ft - 360' long and 32' high
+
Cement fiberboard facade
+
Large, subterranean parking structure and striped surface spaces in rear (over 80)
+
NEW, foam roof
+
20' ft ceilings 1st floor, 16' ft 2nd floor
+
15K sq. ft. Retail/Office/Dining on 1st floor (btv)
+
15K sq. ft. Live/Work across the top (btv)
+
8 LARGE Live/Work Lofts (current configuration is 7, one Loft is a "double")
+
ALL BUT ONE LOFT IS MONTH-MONTH & GROUND FLOOR LEASES ARE COMING DUE
+
IMMEDIATE OWNER/USER OR MARKET RENT OPPORTUNITIES THROUGHOUT!
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
30,000 SF
Building Class
A
Year Built
2007
Percent Leased
52%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,000 SF
Building FAR
1.38
Lot Size
0.50 AC
Zoning
CC C3YY - Commercial
Parking
80 Spaces (2.67 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Conferencing Facility
- Metro/Subway
- Skylights
- Air Conditioning
- Balcony
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 2nd Fl-Ste 8611
- 2,000 SF
- Office
- Partial Build-Out
- Now
- 2nd Fl-Ste 8615
- 2,000 SF
- Office
- Partial Build-Out
- Now
- 2nd Fl-Ste 8619
- 2,000 SF
- Office
- Partial Build-Out
- Now
- 2nd Fl-Ste 8627
- 2,000 SF
- Office
- Partial Build-Out
- Now
- 2nd Fl-Ste 8631
- 4,000 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 8607 | 2,300 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 8611 | 2,000 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 8615 | 2,000 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 8619 | 2,000 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 8627 | 2,000 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 8631 | 4,000 SF | Office | Partial Build-Out | Now |
2nd Fl-Ste 8607
| Size |
| 2,300 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 8611
| Size |
| 2,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 8615
| Size |
| 2,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 8619
| Size |
| 2,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 8627
| Size |
| 2,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 8631
| Size |
| 4,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 8607
| Size | 2,300 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Walk Score®
Walker's Paradise (90)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 4312-018-045 | Improvements Assessment | $7,622,458 CAD |
| Land Assessment | $2,860,941 CAD | Total Assessment | $10,483,399 CAD |
PROPERTY TAXES
Parcel Number
4312-018-045
Land Assessment
$2,860,941 CAD
Improvements Assessment
$7,622,458 CAD
Total Assessment
$10,483,399 CAD
1 of 24
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Seller MAY Finance | 8601-8635 Washington Blvd
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