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12429 S. Avalon Boulevard
Los Angeles, CA 90061

Price: $6,200,000 Zoning: LCM1-B1-R1
Bldg SF: 16,600 SF Price/SF: $373
Land SF: 35,327 SF CAP Rate: 5.51%
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Price: $6,200,000
Bldg SF: 16,600 SF
Land SF: 35,327 SF
CAP Rate: 5.51%
Price/SF: $373
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Investment Highlights

Single Tenant Asset Leased to the Social Security Administration,

 

  • 16,600 square foot building leased to the Los Angeles Social Security Administration Branch Office (SSA)
  • Lease expires on 2/28/2027 with no additional options
  • Stable and secure income stream
  • SSA has successfully operated out of this location since 2001
  • Lease was extended by an additional 10 years in 2017
  • Daily traffic counts north of 21,000 vehicles per day

 

AAA Credit Tenant backed by the U.S. Government

 

  • AAA Credit
  • Lease is guaranteed by the U.S. Government
  • Social Security Administration has almost 64,000 employees and 1,500 offices
  • United States Social Security Administration (SSA)is an independent agency of the S. federal government that administers Social Security, a social insurance program consisting of retirement, disability and survivor benefits
  • Formed in 1935, SSA has an annual operating budget of approximately $1.06 trillion.

 

Centralized Los Angeles Location

 

  • Centrally located in the heart of Los Angeles, CA with direct access to Downtown Los Angeles, LAX, East Los Angeles, and the South Bay
  • Directly across from Magic Johnson Park, a 104-acre recreation area ideal for outdoor activities featuring beautiful fishing lakes, open green space, and a popular walking path
  • Located on the northwest signalized corner of E. 126th Street and S. Avalon Boulevard, just south of East 120th Street and just north of West El Segundo Boulevard
  • Direct freeway access to Interstate 105 and 110 Freeways
  • Over 29,000 people within one mile of the subject property, over 333,000 people within three miles, and over 954,000 people within five miles
  • Average household income of over $71,000 within one mile of the subject property