StatusActive Under Contract
Property TypeCommercial Sale
Property Sub TypeOffice
Apex Properties is pleased to present the opportunity to acquire this beautiful 3-story class-B office building in the heart of Studio City, on the highly desirable Ventura Blvd. First time on the market in over 20 years!
The property consists of a 6,707 sq. ft. office building, on a 6,255 sq. ft. C-2 zoned lot. The 3-story building has been owned and occupied by a single tenant, Pacific Media Technologies, since 1998. With the unique layout this building has to offer, it could continue to be leased to/used by a single tenant, or it could support multiple tenants. It has separate, locked entrances to each floor via both the front and rear stairwells. It also has 10 gated parking spaces in the rear. The square footage listed on Title is lower than stated here because the Seller has done some additions over the years, including the enclosure of a balcony, and Seller states that the work was done with the proper permits. This is the perfect opportunity for an Owner-User, Investor, or Developer! Buyer shall cooperate with Seller' s 1031 exchange requirements.