Second Media Center Drive Property Sails

LOS ANGELES-A local Southern California-based investor has purchased a 64,820-square-foot net-leased office property for $13.5 million. The property is located at located at 2714 Media Center Drive in the seven-building, 400,000-square-foot Media Tech Center Campus situated between Downtown Los Angeles and Glendale.

The City of Los Angeles Bureau of Sanitation currently occupies the property, while JP Morgan Chase and Apria Healthcare are among the tenants in the complex. “The building’s location within one of Los Angeles’ premier flex/office business parks, combined with a long history of tenancy by a government entity, generated strong demand for the asset from investors all over the country,” says Chad Gahr with NAI Capital, who represented the seller in the transaction along with NAI Capital’s David Young. Lyn Fields of Madison Partners represented the buyer.