This 8160 sq ft creative office building is located in the Corporate Point area of Culver City. It is perfect for a business that needs space now and will need more space later. The first floor is occupied by the Seller and the second floor by a tenant with a 3-year lease, paying $12,000 per month plus half of the utilities for the building. The ground floor office furniture can be included with a sale, except for chairs. The desk systems are very nice, modular units. The current ownership of the building bought the property with hopes of expanding into the top floor as well, but their growth has far exceeded this, and they are relocating to a much larger space. The tenant that occupied the space before them started as an online watch company and was sold for hundreds of millions of dollars. This space has a history of exceptional growth and luck for the occupant. As a 1031 upleg, a near 4% cap rate might be had by renting the ground floor.

Flexible for an owner/user to grow into the second floor or an investor to lease the ground floor.