Tribeca West Office Campus

Los Angeles, CA

Address:

12233 W Olympic Blvd, Los Angeles, CA 90064

Market:

Los Angeles - Westside

Building Size:

151,000 SF

Asset Class:

Multi-Tenant Office

Date Acquired:

February 2011

Date Sold:

September 2012

Status:

Sold


Property Description

Originally built in 1980, Tribeca West totals 151,000 square feet within eight two-story buildings and is recognized as one of the pre-eminent class A media campuses in West LA. Ocean West acquired the property in 2011 and immediately commenced a $2 million renovation and installed a new management team that was familiar with the intricacies of the post-production leasing requirements of the entertainment industry. Improvements to the property included exterior painting, wood cladding throughout the common areas, a striking water feature at the entrance of the campus, and a dog run. Ocean West increased income by over 20% within a year of acquisition and subsequently sold after 18 months to a strategic buyer.

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