Mariposa Office 1 Mariposa Office 2 Mariposa Office 3
Situation/Challenges
  • Class A suburban office building
  • 100% vacant
  • Historically occupied by Boeing as a research facility
  • Cap-Ex facility needed to entirely renovate the existing space into creative office product with upgraded amenities, improved landscaping and resurfaced parking
  • Significant TI/LC facility needed to lease up the property after improvements completed
Solutions/Highlights
  • Structured TI/LC facility of $2.2 million
  • Structured Cap-Ex facility of $4.2 million
  • Building is located in the “Silicon Beach” area of El Segundo, CA - a dynamic cluster of tech, media, entertainment and aerospace/defense companies
  • Non-recourse
  • 3-year term plus extensions