{"id":1004159436,"date":"2016-11-22T14:14:31","date_gmt":"2016-11-22T22:14:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004159436"},"modified":"2022-03-03T08:14:21","modified_gmt":"2022-03-03T16:14:21","slug":"growing-south-bay-market-prompts-el-segundo-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/growing-south-bay-market-prompts-el-segundo-deal\/","title":{"rendered":"Growing South Bay Market Prompts El Segundo Deal"},"content":{"rendered":"<p>By Alex Girda<\/p>\n<p><strong>Los Angeles<\/strong>\u2014An office asset in the city\u2019s El Segundo submarket was recently acquired by <a href=\"https:\/\/www.nsbinc.com\/\" target=\"_blank\" rel=\"nofollow noopener\">NSB Associates<\/a>. The seller, an institutional investor, was represented by\u00a0commercial real estate services firm <a href=\"https:\/\/www.avisonyoung.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Avison Young<\/a>. The deal was handled by company Principal Alan Pekarcik and Senior Associate Chris Smith.<\/p>\n<div id=\"attachment_1004159437\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/El-Segundo-office.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004159437\" data-attachment-id=\"1004159437\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/growing-south-bay-market-prompts-el-segundo-deal\/el-segundo-office\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/El-Segundo-office.jpg\" data-orig-size=\"1673,907\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"El Segundo office\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;181-185 S. Douglas St. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/El-Segundo-office.jpg?w=1024\" class=\"wp-image-1004159437 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/El-Segundo-office.jpg\" alt=\"181-185 S. Douglas St. \" width=\"300\" height=\"163\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/El-Segundo-office.jpg 1673w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/El-Segundo-office.jpg?resize=300,163 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/El-Segundo-office.jpg?resize=768,416 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/El-Segundo-office.jpg?resize=1024,555 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/El-Segundo-office.jpg?resize=1536,833 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004159437\" class=\"wp-caption-text\">181-185 S. Douglas St.<\/p><\/div>\n<p>Located at 181-185 S. Douglas St., the two-story Class B office property offers a total of 59,395 square feet of space. Also part of the deal is a four-story parking structure that can accommodate 545 vehicles. The two structures occupy a 2-acre plot of land in the El Segundo submarket, in close proximity to El Segundo Boulevard. Currently operating at full occupancy, the multi-tenant asset offers two ground-level doors, an elevator, and excess parking that provides an additional revenue stream. The property is located in close proximity to the 105 and 405 freeways, as well as to the Los Angeles International Airport.<\/p>\n<p>\u201cThe South Bay <a href=\"https:\/\/www.commercialsearch.com\/news\/office\/\" target=\"_blank\" rel=\"noopener\">office market<\/a> continues to see shrinking vacancy, rising rents, and an influx of capital investment that is attracting energy, automotive, tech, and media industries as they seek alternatives to pricier Los Angeles submarkets such as the Westside, Playa Vista, and Santa Monica,\u201d said Smith, who noted that the asset provides the new owner with value-add potential.<\/p>\n<p><em>Image courtesy of Avison Young<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The multi-tenant building is fully leased and provides easy access to transportation. <\/p>\n","protected":false},"author":41,"featured_media":1004159437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21742,21747,15],"tags":[],"class_list":["post-1004159436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-latest","category-office","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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