The office complex located at 5220-5245 Pacific Concourse Drive in Los Angeles has been sold in a closed transaction. The property, situated in the Del Aire market, spans a total of 228,500 square feet and consists of three buildings spread across 10 acres, forming a semicircle around a cul-de-sac. The complex is conveniently situated just southeast of Los Angeles International Airport. The transaction took place on March 23, 2018.

Summary of transaction details

• Property Type: Other
• Transaction Amount: $43,000,000
• Square Footage: 228,500
• Price per Square Foot: $188
• Address: 5220-5245 Pacific Concourse Drive, Los Angeles
• Market: Del Aire

The buyer of this office complex is Beacon Capital Partners, represented by Alan Leventhal. The seller is LBA Realty, represented by David Thomas. The acquisition of this property marks an important investment in the Los Angeles real estate market. Notably, the complex is currently occupied by three academic institutions: Argosy University, National University, and the University of California Los Angeles’ paramedic school. This transaction demonstrates the significant interest and demand for commercial properties in the area.