The 5 Most Expensive CRE Property Listings in LA County – April 2016
Do you have millions of dollars saved up? Are you looking to invest in commercial real estate properties currently for sale in LA County? If you answered yes to both of these questions, then you might want to consider the following list of properties. This list was compiled from information provided by CoStar, and includes the most expensive retail, office, hospitality & industrial properties listed for sale in April 2016. Properties on this list are still for sale as of the date of publication and information is current as of this date.
5. ARCADIA: AMF Bowling Square Lanes
1020 S. Baldwin Ave., Arcadia, CA 91007
$25 MILLION
CoStar
Listing Broker: Keller Williams Commercial Santa Monica
Total space: 36,107 sq. ft.
Price per square foot: $692.39
Year completed: 1960
Category: Retail – Bowling Alley
Bowling alleys in LA County do not come on the market very often, so if you are looking to buy and have $25 million to spend, then this one in Arcadia may be your chance. The property is located within walking distance to Westfield Santa Anita and Santa Anita Race Track.
4. KOREATOWN: Aventura Hotel
1020 Fedora St., Los Angeles, CA 90006
$25 MILLION
CoStar
Listing Broker: KBRE
Total space: 35,000 sq. ft.
Price per square foot: $714.29 (Price per room: $290,698)
Year completed: 2015
Category: Hospitality
This 86 room boutique hotel was built last year. It boasts modern features and is the first hotel to be built in the last 20 years in Koreatown, according to CoStar.
3. DOWNTOWN: Industrial Building
729 E. Temple St., Los Angeles, CA 90012
$27 MILLION
CoStar
Listing Broker: DAUM Commercial
Total space: 69,135 sq. ft.
Price per square foot: $390.54
Year completed: 1941
Category: Industrial
This multi-tenant industrial building is for sale near the Arts District and Little Tokyo. Asking for $27 million, the property is located in a rapidly gentrifying area. In 2007, the current owners bought the parcel for only $6.5 million.
2. BURBANK: Media Center North
2835 N. Naomi St., Burbank, CA 91504
$32 MILLION
CoStar
Listing Broker: Coldwell Banker Commercial Alliance
Total space: 95,400 sq. ft.
Price per square foot: $335.43
Year completed: 1997
Category: Office, Class A
Adjacent to the 5 freeway, this Burbank office property has convenient on-ramp and off-ramp access. It is located less than 2 miles driving distance from the Bob Hope Airport. The main occupier of the building, Entertainment Partners, is also the current owner of the building.
1. EL SEGUNDO – LA Military Entrance Processing Station
1776 E. Grand Ave., El Segundo, CA 90245
$37.5 MILLION
CoStar
Listing Broker: Stan Johnson Company
Total space: 32,980 sq. ft.
Price per square foot: $1,137.05
Year completed: 2009
Category: Office, Class B
Situated in El Segundo on 4.23 acres, this 32,000 sq. ft. building was custom built in 2009 for the General Services Administration of the U.S. (GSA) and is home to the U.S. Military Entrance Processing Command (MEP). The government leased property is the largest and one of the highest volume MEP facilities in the country.
Note: This list does not include any off-market properties. While every effort has made been to verify the accuracy of the contents in this article, we cannot guarantee accuracy given that information is subject to change.