For Sale
$14,867,475

301 Prairie AveInglewood, CA 90301

Prime Inglewood location, 85,000 SF medical office

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional six-story, 84,957 square foot medical office building in Inglewood, CA presents a unique owner-user opportunity. Located on a 0.61-acre lot with 183 parking spaces, the property boasts a prime location less than two miles from Centinela Hospital Medical Center, a major healthcare facility. The building currently enjoys approximately 60% occupancy, offering significant flexibility for an owner-user to expand their operations within the existing space or potentially relocate tenants to accommodate their needs. The property's strategic location offers convenient access to major transportation arteries, including the I-405, I-105 freeways, and a new LA Metro K Line station, ensuring easy commutes for employees and patients. Inglewood's ongoing economic renaissance, fueled by significant investments in the Hollywood Park development, further enhances the property's value and long-term potential. The city's projected housing growth, as outlined in the 2021-2029 Housing Element report, suggests additional future development opportunities. The asking price is $14,867,475. The building's current zoning allows for several commercial uses, including potential multi-family development, adding to its versatility and investment appeal. This presents a rare chance to acquire a high-profile medical office building in a thriving Los Angeles County submarket with limited comparable properties available. The property's proximity to major transportation hubs, a significant healthcare facility, and the ongoing revitalization of Inglewood makes it an attractive investment for both owner-users and corporate entities seeking a strategic location in a dynamic market.

Highlights

  • Owner-user opportunity in a six-story, 84,957 square foot medical office building in Inglewood, CA.
  • Building is 60% occupied, offering significant space for an owner-user to expand or relocate tenants.
  • Ideal corporate headquarters investment offering lease-saving benefits and protection against future rental increases.
  • Potential for multi-family development due to current zoning and Inglewood's projected housing growth of approximately 7,439 units.

Property Details for 301 Prairie Ave

Property type
Office properties, Medical offices
Square Feet
84,957 SF
Buildings
1
Stories
6
Lot Size (sq. ft)
26,572 SF

Location Insight

City
Inglewood
County
Los Angeles
State
California
Latitude
33.9657097
Longitude
-118.3443484
301 Prairie Ave, Inglewood, California

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301 Prairie Ave
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