Nov
22
Growing South Bay Market Prompts El Segundo Deal
ByThe multi-tenant building is fully leased and provides easy access to transportation.
181-185 S. Douglas St.Los Angeles—An office asset in the city’s El Segundo submarket was recently acquired by NSB Associates. The seller, an institutional investor, was represented by commercial real estate services firm Avison Young. The deal was handled by company Principal Alan Pekarcik and Senior Associate Chris Smith.
Located at 181-185 S. Douglas St., the two-story Class B office property offers a total of 59,395 square feet of space. Also part of the deal is a four-story parking structure that can accommodate 545 vehicles. The two structures occupy a 2-acre plot of land in the El Segundo submarket, in close proximity to El Segundo Boulevard. Currently operating at full occupancy, the multi-tenant asset offers two ground-level doors, an elevator, and excess parking that provides an additional revenue stream. The property is located in close proximity to the 105 and 405 freeways, as well as to the Los Angeles International Airport…
