Pharma Property Group is pleased to present for sale the Staples building located at 5665 West Wilshire in the heart of the Miracle Mile, Los Angeles, California. This is a generational trophy offering which provides an investor the opportunity to acquire the fee simple interest in a single-tenant, net leased building positioned along the highly trafficked Wilshire corridor. The property benefits from strong retail synergy, high daytime foot traffic and proximity to major cultural institutions, office buildings and luxury residential developments.
This pride of ownership property consists of 19,450 gross leasable square feet and includes 72 parking spaces, spread throughout two levels of underground parking. Staples is situated along Wilshire Boulevard, a major east-west artery with approximately 40,000 vehicles per day. The area boasts a dense and affluent residential base, with a one-mile radius population of more than 47,000 residents and median household income exceeding $120,000. Additionally, the property benefits from a strong daytime population, with thousands of employees from nearby media, entertainment, and corporate offices, including those of Sony Pictures Animation, SAG-AFTRA, among many others.
Surrounded by a robust mix of national retailers, restaurants, and entertainment venues in the immediate vicinity—including Ralphs, Walgreens, Trader Joe’s, Target, and FedEx—this location is ideally positioned for long-term stability and future appreciation. Additionally, the site's strong fundamentals make it a compelling covered land play, allowing investors to benefit from stable in-place income while planning for future higher-density development. Given the ongoing demand for mixed-use and multifamily projects in the Miracle Mile, this asset provides a rare opportunity to unlock additional value through redevelopment or repositioning in the years to come.