4 UNIT 100% OCCUPIED FASHION D BLG!
Great opportunity to diversify your investment portfolio.
Marketing description
Located on Wall St between 11th St & 12th St in a world of its own, the DTLA Fashion District, this area is ideal for missy clothing showrooms. The area has also been emerging as creative space hub for an eclectic group of tenants including artists, photographers, film/video production companies, content creators, an additional array of fashion businesses, and more. The property is a couple blocks away to the entrance of Santee Alley which is the location that gets the most retail foot traffic in the Fashion District. Additionally, City Market South is around the corner on San Julian St, and it features an array of restaurants as well as Cognoscenti Cafe.
This property features 4 units, some of which have second floor mezzanines. Each unit features windowed frontage, soaring ceilings, central HVAC, private bathrooms, and more. Each unit also has back access with the ability to load and unload from the alley behind the property. If you are a missy fashion company, this is an ideal location to be at, as the block continues to command strong demand for this type of showroom business. With the 14 foot ceiling height there’s also plenty of storage for your business as well. Additionally, if you are strictly an investor, the property features an attractive cap rate, that will surely be an excellent addition to increase the diversity of your investment portfolio.
This area is like the DTLA Art District use to be, before the rent rates became too expensive for the artists to be there anymore. Commercial real estate has been in a bear market since 2020 and inflation has increased by around 40% since then. For sale commercial property, price per square foot wise, is near, if not at, historic lows- in both real and in nominal terms. You never buy at all time highs, but you do buy at all time lows. Come buy this unique building in this creative ecosystem, because the area has huge potential. This is an excellent long hold acquisition to increase the diversity of your investment portfolio and as a hedge against inflation. TEXT 213-304-4727 and don't forget to follow us on social media @QuixoticRealty
Investment highlights
LIABILITY WAIVER & DISCLAIMER: Expense & CAP rate numbers provided are for hypothetical purposes based Broker’s estimations with the information available at the time and are not guaranteed nor necessarily complete. Buyer is to do buyer’s own due diligence for income and expenses during escrow to determine the accuracy of the estimations. By using this information buyer agrees to indemnify and hold Broker/Seller harmless for its accuracy and any decisions made based on it, and by moving forward with the purchase the buyer hereby agrees that the final sales price is not tied to this information. Additionally, all information provided about the property provided is deemed reliable but is also not guaranteed by nor necessarily complete. Buyer is to do buyer’s own due diligence in escrow related to all information related to the property to verify information provided. Buyer also acknowledges that brokers/agents are not qualified to act, consult, make conclusions, and/or provide advice with respect to legal, tax, environmental, licensing, permitting, architectural, building code and construction, soils-drainage, and/or any other such matters, so for these things you should refer to the appropriate expert of your choice for confirmation prior to purchasing: moreover Broker does not warrant the property is up to current required building code standards nor that all work on the property has been done with necessary permits, licensing, and et cetera including but not limited to existing subdivisions, layouts, buildouts, and all matters hereto mentioned. Sale of the property will be in as-is condition on a ‘with all faults’ basis, so it is the responsibility of the buyer to do all necessary due diligence with the appropriate experts prior to the purchase; and buyer hereby agrees to indemnify and hold broker harmless for all related matters in the purchase of this property.
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