BIDS DUE NOVEMBER 15, 2024
Versal and Cushman & Wakefield are pleased to present for purchase 900 – 912 S Hill Street (the “Property”) in the bustling heart of Downtown Los Angeles, California. The Property was one of the nation’s first parking garages originally built in 1926 by the May Company to service their department store one block north at the May Company Building. Curlett & Beelman, famed architecture firm of the era, designed the structure which is a part of Downtown Los Angeles’ rich architectural history. The Property consists of six stories above grade and three stories below grade for a total of nine stories. There are approximately 400 parking spaces operating today. The property may be purchased as an investment, for user activity or as a potential self storage conversion for which it is currently under application.
The existing building was designed for a very high live load of 125 pounds per square foot for the garage.
The Property enjoys the Mills Act Historical designation which provides property tax savings to property owners who invest in
the rehabilitation and restoration of historic buildings.