Hawaii
SoldStrategy: Value-Add
Submarket: Los Angeles, CA
Square footage: 4.600mq
Acquisition: Q2 – 15
Sale: Q3 – 18
The property consists of a two-storey above-ground office building located in the El Segundo submarket, close to the Los Angeles International Airport and close to our other investments. At the time of purchase, the property was leased to a single tenant, Hewlett Packard, who has since released the space, making it possible to completely renovate the property. The property was sold still vacant as part of a portfolio deal.