1025 Towne Ave - Warehouse FOR SALE


Los Angeles, CA 90021
$11,500,000 USD
213-623-0800
1025 Towne Ave, Los Angeles, CA for Sale
$11,500,000 USD
Warehouse - FOR SALE
1/5
null | 8.92% Cap Rate

1025 Towne Ave
Los Angeles, CA 90021


HIGHLIGHTS

  • Historically Very Low Vacancy Showrooms
  • Multi-Tenant Retail Property
  • Downtown Fashion District Synergy
  • Onsite Parking Lot
  • M2 Zoning Permits A Wide Range of Uses
  • Just Blocks Away From City Market Development Project

OVERVIEW

1025 Towne Avenue is located in the heart of the LA Downtown Fashion District. The 31,900 SF two-story commercial building includes a mixture of fashion retail tenants. Building features include 14’ ceiling heights, building signage and onsite parking. Zoned M2, the location is permitted for a range of uses, including manufacturing, warehousing, distribution, research and development, and standard retail. The location has immediate access to the 10 Freeway, providing quick access to West LA and East LA. Situated on a 0.55-acre land parcel, the property has a building floor area ratio of 0.98.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$489 USD /SF

CAP RATE

8.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Owner/User Retail Opportunity

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55

LAND SF

23,958

ZONING

M2, Los Angeles

APN/PARCEL ID

5132-010-039

ASK ABOUT THIS PROPERTY

Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

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Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.