The 2.87-acre property fronts San Fernando Mission Road lessthan a quarter mile east of the Interstate 405 Freeway and justwest of Sepulveda Boulevard. Constructed in phases between 1981 and1991, the project consists of two four-story buildings, onethree-story building and one two-story building. The two-storybuilding is wood-framed while the others are steel-framed.
The sale was a direct deal between the buyer and the seller. Thecomplex is 90% occupied and, Koll's Bill Larkin points out, it isthe largest office development in the immediate area.
Larkin, who is acquisition and development manager for the KollCo., says that the office buildings serve small business owners.Most are tenants who live nearby and who want easy freeway accessto communities in the San Fernando Valley and to Santa Clarita tothe north.
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