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Culver City Office Building Acquired by Owner/User

2/26/24

A vacant 27.1k sf office building located in Culver City was acquired by an unnamed owner/user in a recent transaction. The property is located at 5995 Sepulveda Blvd, just south of the 90 Fwy and adjacent to the east side of I-405.

5995 Sepulveda is a newly renovated, best-in-class creative office project with custom interiors, a column-free layout and unique 12k sf floor plates. The property features a landscaped outdoor seating area and 24/7 onsite security and access control.

The property’s direct adjacency to the I-405 presents excellent signage, visible to over 316,000+ vehicles per day. Additionally, the property is situated across the street from Westfield Culver City shopping center, providing tenants access to an abundance of retail amenities and restaurants.

Kevin Shannon, Ken White, Rob Hannan, Laura Stumm, Michael Moll, Steve Kolsky and Greg Frankovich with Newmark represented the seller in the deal.

“The sale of 5995 Sepulveda to a user exemplifies a growing trend of owner-user acquisitions in the market,” said Stumm. “The buyer, who will be moving its headquarters to the building, was drawn to the asset’s central westside location, freeway adjacency and improved interiors.”

Culver City has cemented itself as the epicenter of technology and media growth in Los Angeles. Dominant industries which have driven activity on the Westside, namely tech and media, are still active in the submarket but have somewhat pulled back on expansion in the last few months. Culver City has emerged as a core city of Silicon Beach in recent years, according to Newmark Research. A revitalized downtown and Expo Line connectivity to Santa Monica and Downtown Los Angeles favor the city with notable space committals include Apple (934k sf), Amazon (710k sf) and HBO (240k sf).





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