The 5 Most Expensive Properties For Sale in LA County - Nov 2014
COMMERCIAL PROPERTIES CURRENTLY FOR SALE AS OF NOVEMBER 14, 2014
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. If you answered no, then you'll find this article interesting regardless. This list was compiled from information provided by CoStar, and includes buildings in retail, industrial, healthcare and flex categories. Information is current as of the date of publication. Note: this list does not include off-market listings.
1. BEVERLY HILLS: Retail Property,
400-420 N. Canon Dr., Beverly Hills, CA 90210
Sale Broker: The Oppenheim Group
Total space: 15,186 sq. ft.
Price per square foot: $5794.81
Years completed: 1925-1969
At $88 million and just over 15,000 square feet, an investor does not get as much real estate in Beverly Hills as compared to other areas, but this is a prime property in one of the most expensive cities in the country. According to the CoStar listing, the 28,000 square foot lot can be redeveloped take full advantage of the space, such as constructing a three story building with underground parking.
2. SOUTH GATE: El Paseo Shopping Center,
8610-8730 Garfield Ave., South Gate, CA 90280
Sale Broker: Sperry Commercial
Total space: 298,696 sq. ft.
Price per square foot: $261.14
Year completed: 2000
Situated on nearly 22 acres in South Gate, this expansive shopping center includes tenants such as Edwards Cinemas, Planet Fitness, Curacao, Union Bank, Starbucks, Krispy Kreme and Panda Express. The center features more than 1,800 parking spaces and is adjacent to a Sam's Club.
3. LONG BEACH: The Breakers,
200 E. Ocean Blvd., Long Beach, CA 90802
Sale Broker: InvestorsAlly Realty
Total space: 134,523 sq. ft.
Price per square foot: $483.19
Year completed: 1926
Category: Health Care
This Long Beach tower opened in 1926 as a luxury beachside resort hotel. At one time it was home to a Hilton hotel. Most recently, the building operates as a high-end retirement home. The high-rise is considered a Long Beach Historic Landmark.
4. LOS ANGELES: FedEx Distribution Center,
2000 N. San Fernando Rd., Los Angeles, CA 90065
Sale Broker: Magnum Properties
Total space: 119,381 sq. ft.
Price per square foot: $376.94
Year completed: 1998
Category: Industrial, Class B
As you might expect from a FedEx hub building, it is centrally located and close to all of Los Angeles' major freeways. The distribution center sits on eight acres and was sold in 2008 for $35 million to the current owner. The global shipping company extended their lease last month, just one month before it was to expire.
5. EL SEGUNDO: Flex Property,
555 S. Aviation Blvd., El Segundo, CA 90245
Sale Broker: Cushman & Wakefield
Total space: 258,042 sq. ft.
Price per square foot: $174.39
Year completed: 1966
Category: Flex, Class B
Currently the home of the Xerox Corporation, the El Segundo building was designed by Craig Ellwood & Associates. Xerox occupies the entire building, which amounts to over a quarter million square feet of flex space.
If you had millions of dollars to invest on commercial properties, would you buy any of these properties? If you do have the funds necessary to purchase and are interested in any of the listings above, please contact us and we'll work with the sales broker to realize your investment dreams.