Description

WESTMAC Commercial Brokerage Company is proud to present the opportunity to purchase or lease 7151 W. Manchester Avenue, a highly visible two-story office building located on the three (3) parcels of land in the affluent community of Westchester, minutes from Los Angeles International Airport, Loyola Marymount University, and the Pacific Ocean. Built in 1966, and renovated in the mid-2000's, 7151 W. Manchester Avenue features 11,711 square feet of building comprised of two above grade levels ( 8,002 SF) plus an improved basement level ( 3,709 SF). The building is situated on a rectangular shaped corner site consisting of three (3), [Q] C2-1-CDO, commercially zoned parcels, or 17,981 square feet of land. The site includes a parking lot with 44 parking spaces. The ground floor is currently leased to Chase Bank on a triple net basis. Verizon Wireless leases 400 square feet of basement space in support of a cellular roof antenna. Additionally, Chase leases a small portion of the basement ( 969 square feet) which is included in their monthly rent. There is 4,844 square feet ( 4,293 SF second floor, plus 551 SF lobby/reception area to the second floor) currently vacant and available for lease. The property is nestled at the northeast corner of Manchester Avenue and Fordham Road, facing the heavily traveled signalized intersection of Lincoln Boulevard with a daily traffic count of over 39,000 CPD. The area is an ideal location surrounded by walkable amenities, including Bristol Farms, LA Fitness, Ralph's, Bank of America, Starbucks, Bowlero, Otis College, Westchester Municipal Center, and much more. The property's location is part of Southern California's Silicon Beach. This region has attracted tech companies ranging from startups to established tech giants, recognizable names like Google and Facebook are neighbors with buzzy startups. The area offers a dynamic office market due to the influx of technology companies that make up Silicon Beach. In addition, it is also minutes to Los Angeles International Airport (LAX), Loyola Marymount University, and surrounded by a highly affluent demographic, which makes 7151 W. Manchester Avenue an excellent opportunity for owner-user, investors, developers, or tenants.