leasehold interest

Commercial Real Estate

New Listing in Beverly Hills – Leasehold Interest For Sale – Medical/Office


No Comments

WESTMAC Commercial Brokerage is pleased to present the opportunity to purchase the seventeen (17) year leasehold interest of 415 N. Crescent Drive in Beverly Hills, CA. This rare investment opportunity offers buyers leasehold ownership of  approximately 27,425-square feet of medical offices in the Beverly Hills Golden Triangle.

415 N. Crescent Drive is a three-story medical office building containing one approximate 27,425-square foot building (± 28,589 SF per tax record) on an approximate 15,263-square foot parcel of land. Built in 1981, the property also consists of a subterranean parking garage situated underneath the structure. The offering is for the leasehold interest, currently subject to a ground lease expiring in 2036 (17 years remaining), after which, the building and improvements will revert to the owner of the land. The ground lessee currently pays 15% of the gross rent annually to the Lessor.

415 N. Crescent Drive is located in the spectacular and highly desirable Beverly Hills, between S. Santa Monica Boulevard and Brighton Way along N. Crescent Drive. The modern style building features a brilliant brick exterior, center garden atrium, and multiple spaces occupied by a mix of office and medical tenants. 415 N. Crescent Drive represents a unique opportunity to acquire an investment asset that has excellent potential for income growth in one of the most desirable urban retail districts in the world.

SALE IS FOR 17-YR LEASEHOLD INTEREST ONLY – BEST OFFER

*Rent Roll and other Due Diligence Documents subject to receipt of Confidentiality Agreement. Get brochure here.