CBRE Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire Pico + Overland, a 35,000-square-foot, four-story building with an adjoining 0.6-acre development site, adjacent to the future UCLA Research Park, which will transform West Los Angeles into a nexus and hub for discovery and innovation. Pico + Overland is located at 10680 W Pico Boulevard and 10643 & 10651 Ayres Avenue in West Los Angeles, and is 94% leased with 66% of the rent roll on month-to-month agreements, and the remaining 33% in contractual lease agreements. This opportunity provides an immediate path to either occupy all or a portion of the month-to-month spaces or, while collecting stable in-place cash flow, develop a renovation plan to re-capture the 22.5% below-market in-place office rents or re-purpose the building. The Property includes 0.6 acres of vacant land, currently used as surface parking. The land’s zoning with Transit Oriented Community (TOC) Tier 3 designation allows approximately 69 residential units to be developed on the adjacent, vacant land with up to 130 residential units across the entire Property. The Property is being offered on a fee simple basis, free and clear of any existing debt.