Newmark has completed the $33 million sale of 640 North Sepulveda, a two-story, 46,000-square-foot office building in Los Angeles. Newmark Private Capital Group’s Sean Fulp, Ryan Plummer and Mark Schuessler represented the seller, Vectra Management Group. The undisclosed buyer was represented by Newmark’s David Kluth and Aliya Coyer.

The 35-year-old building was renovated in 2019, and features nearly 12,000-square-feet of outdoor work and recreation space, including a courtyard, patio, BBQ area, basketball court, fire pit and lounge area. 

“640 North Sepulveda offers a creative-office work environment and also offers unparalleled outdoor amenities,” said Fulp in a news release. Added Plummer, “At just 27% occupied with significant leasing activity, the asset provided the perfect opportunity for an owner/user to benefit from the in-place income while also putting its own signature on the building.”