We are excited to work with the Newmark Capital Markets team to bring to market as exclusive advisors the opportunity to acquire 1355 San Pablo (the Property), a 75,272-rentable-square-foot, four-story, life science lab building in Los Angeles, California.
The building was constructed in 1976 as a build-to-suit for the Doheny Eye Institute and is available for sale for the first time since its delivery. Strategically located in the heart of USC’s Health Science Campus, directly adjacent to USC Norris Hospital, the building served as the life science headquarters for the Doheny Eye Institute for the last 45 years and can be delivered vacant* upon Doheny’s relocation.
The asset includes two vivariums, three levels of lab, and lab-ready MEP infrastructure, offering an investor or owner-user the opportunity to augment existing life science improvements while repositioning the asset.
*Vivarium on level P1 is leased to the University of Southern California through September 2021 and month-to-month thereafter.