- This fully renovated 74,500 sq ft research and development building was acquired in 2022 and is currently 100% leased through 2032 to a high credit, global technology tenant
- Significant research and development improvements create a mission critical environment, which is resilient to work from home trends
- The asset is strategically located in Culver City, a dynamic Los Angeles submarket, which attracts top media and technology tenants such as Amazon, Sony and HBO
- Given the exceptional credit and long-term lease, the asset produces stable cash flow and is well-positioned for appreciation in this in-demand, supply constrained submarket
- The asset has additional development capacity, representing a significant long term value opportunity
- Key features include a redwood sawtooth roof, polished metal finishes and concrete floors, glass curtains and outdoor patios, ample parking and access to transportation
5500 Jefferson
Key information
Workplace/Office
Sector
2022
Acquired
Los Angeles, CA
Location
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*Please note that the assets shown are a select sample only and do not represent all of Nuveen Real Estate's assets. The case studies presented herein reflect an objective, non performance-based standard. It should not be assumed that any investment has been or will be profitable.
