12429 Avalon Blvd
Los Angeles, CA 90061

Marcus & Millichap is pleased to present for purchase this 16,600 SF single-tenant Social Security Administration Branch Office in Los Angeles, California. The building is centrally located in Los Angeles, with immediate access to Interstate 110 and Interstate 105, on the northwest signalized corner of E. 126th Street and S. Avalon Boulevard. 12429 S. Avalon was built-to-suit for SSA in 2001, and leased to the US Federal Government via the General Services Administration. GSA has executed a lease renewal for a new 10-year term commencing in March 2017 for a stable and secure income stream. In year 6, there is a significant rent increase of 20%. The lease is guaranteed by the United States of America, which has a credit rating of Aaa from Moody’s Investor Services. SSA has almost 64,000 employees and 1,500 offices. 12429 S. Avalon is located in a dense urban infill location with approximately 1 million residents within a 5-mile radius. Los Angeles is known for its Mediterranean climate, ethnic diversity, and sprawling metropolis. The city is also one of the most substantial economic engines within the nation, with a diverse economy in a broad range of professional and cultural fields. Los Angeles is also famous as the home of Hollywood, a major center of the world entertainment industry. A global city, it has been ranked 6th in the Global Cities Index and 9th in the Global Economic Power Index. The Los Angeles combined statistical area (CSA) also has a gross metropolitan product (GMP) of $831 billion, making it the third-largest in the world, after the Greater Tokyo and New York metropolitan areas. Los Angeles hosted the 1932 and 1984 Summer Olympics and will host the Olympics for a third time in 2028.