Cushman & Wakefield of California, Inc., as Exclusive Advisor, is pleased to offer the fee simple interest in The Variety Arts Building, a historic multi-purpose entertainment venue located adjacent to the Sports and Entertainment District and L.A. Live at 940 S. Figueroa Street in Downtown Los Angeles (the “Property”). This is truly a one-of-a-kind investment or owner-user opportunity to acquire a historical masterpiece that embodies character, class and the very foundational elements that Los Angeles was built upon as the epicenter for entertainment and the arts. Along with its unique entertainment-driven design and architecture, The Variety Arts Building’s unrivaled location – across the street from L.A. Live and Staples Center – will ensure its long-term value as a venue for a number of entertainment related uses, which include: live entertainment, hospitality, and retail. The unique aesthetic and functionality of each of the floors at the Property would also adapt well as multi-tenant or single tenant creative-office building. Current ownership has recently invested over $11 million in base-building capital to completely replace the electrical, HVAC and mechanical elements of the building while retaining and restoring its overall historic charm. The adjacent parking lot will also provide a development opportunity that could enhance or complement the main building.