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7/03/25
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Sunny Hills Management Co has acquired 400 and 600 Corporate Pointe, a 462k sf, two-building, Class A office campus located in Culver City. The price was not given out.
400 and 600 Corporate Pointe have recently undergone an extensive capital renovation totaling $18.7 mil, or approximately $40 per square foot, further enhancing the quality of the asset while offering tenants a highly amenitized work environment. The property is leased to 35 tenants across a broad industry base including insurance, entertainment, real estate, co-working, healthcare, cosmetics and research.
The property offers direct access to both the 90 and 405 Freeways, an attractive above-market parking ratio and immediate access to an abundance of amenities found within Westfield Culver City, HHLA, downtown Culver City and Playa Vista.
Kevin Shannon, Ken White, Rob Hannan, Michael Moll and Laura Stumm with Newmark represented the undisclosed seller. Newmark’s Bill Bloodgood and Alex Bergeson provided local market leasing expertise. Newmark’s Jonathan Firestone, Blake Thompson and Henry Cassiday provided support on debt strategy and financing considerations throughout the transaction process.
“This is another example of a family office syndicate, which included both domestic and foreign investors, taking advantage of a tremendous basis opportunity,” said Shannon. “Culver City is a desirable West Los Angeles submarket which will provide tremendous long-term upside for these patient basis investors.”
Moll added, “We are seeing more capital willing to buy office at a new reset basis with conviction that property values will rebound as both capital market and leasing fundamentals improve.”
According to Newmark Research, Culver City remains a leading technology and media hub within Silicon Beach, with 1.2 msf of leasing activity in 1Q25 and rental rates averaging $5.25 per square foot. Supported by Expo Line connectivity and a revitalized downtown, the submarket anchors include notable tenants such as Apple, Amazon and HBO.
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