Broxton Plaza 911 Broxton Ave 18,437 SF 100% Leased Office Building Los Angeles, CA 90024 $17,135,643 CAD ($929.42 CAD/SF)

NAI Capital Commercial is pleased to offer the opportunity to purchase or lease 911 Broxton Avenue, a three (3) story ±16,950 square foot commercial building ideal for an owner-user or single-tenant that is situated on ±7,949 square feet of LAC4 zoned land. The property is positioned directly across from the UCLA campus, in the heart of Westwood Village. This trophy property prominently situated at the corner of Le Conte & Broxton was developed in the 1980’s by the current ownership. The office building is currently leased to the UC Regents and has been occupied by UCLA Health for the past 20 years. The modified gross lease is scheduled to expire on May 31, 2025. As part of the 2019 lease extension, the tenant and landlord completed a major million-dollar renovation of the building.
The building’s three (3) elevator-serviced floorplates provide an efficient layout for both traditional and creative users. The 3rd Floor boasts high vaulted ceilings with skylights and patios that provide ample natural light, that would appeal to a wide range of potential future tenants. The property has approximately thirty-four (34) secured parking spaces located onsite with a two (2) level gated subterranean parking garage, allowing secure and direct access to the office spaces.
Westwood is a bustling neighborhood on the west side of Los Angeles, bordered by Brentwood, Bel-Air, and Century City, it is home to UCLA, one of the top universities in the United States. The subject property area known as Westwood Village is driven by a combination of UCLA’s growth and the expansion of the metro purple line (Westwood & Wilshire) and is surrounded by a dense and affluent demographic where the average household income within a three-mile radius is ±$140,000. The area is consistently bustling with foot traffic and has a walk score of 96 (Walker’s Paradise). Additionally, this area is home to cultural attractions such as the Hammer Museum and the Geffen Playhouse. Westwood offers over 8 million square feet of office space attracting accounting and law firms, private equity banking, entertainment, and production companies, as well as a host of medical and healthcare industry-related tenants.
UCLA’s recent L.A. acquisition of both the Westside Pavilion (approximately 700,000 SF “UCLA Research Park”) and The Trust Building (334,000 SF “UCLA Extension”) enhances 911 Broxton’s wide appeal as it’s centrally located in the heart of the UCLA ecosystem.
911 Broxton is an irreplaceable asset and unique opportunity to own or lease a prominent property in one of Los Angeles’ most desirable neighborhoods. Given the lack of competing inventory, its location and proximity to the UCLA campus and hospital makes this iconic asset so unique.