College, School Acquire Two Buildings

CULVER CITY, CA-An office building here and a former hospital in Lincoln Heights have traded in deals that will convert both to education-oriented uses. In the Culver City deal, ICDC College has acquired a 24,000-square-foot office building at 5995 S. Sepulveda Blvd. for $7.9 million. In Lincoln Heights, the Los Angeles Leadership Academy, a charter school, has acquired a 70,000-square-foot former hospital from the Salvation Army and will use it for classrooms.

The 5995 S. Sepulveda Blvd. building is one of only five office buildings to be sold in the West Los Angeles area this year, according to Andrew Jennison, a Madison Partners senior director who teamed with Madison Partners director Travis Landrum to represent both the buyer and the seller in the deal. The building will serve as the headquarters for ICDC, which was founded in 1995 and offers three associate degree programs, as well as 20 other diploma programs.

Built in 1973 and later renovated between 2004 and 2005, 5995 S. Sepulveda is a two-story, brick façade office building with subterranean parking. The building is located just off the 405 freeway and directly adjacent to the newly renovated Westfield/Fox Hills Mall.