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32398077

440 S BROADWAY, LOS ANGELES, CA 90013-1122

RG
CA 02101218
Cushman & Wakefield - West Los Angeles, California
WJ
CA 02289850
Cushman & Wakefield Los Angeles
MC
CA #01884476
Cushman & Wakefield Los Angeles
EF
CA #02055218
Cushman & Wakefield Los Angeles
KR
CA 02196566
Cushman & Wakefield Los Angeles
Listed by Cushman & Wakefield - West Los Angeles, California, Cushman & Wakefield Los Angeles
Unpriced
25 days on market
Updated 22 days ago

440 S BROADWAY LOS ANGELES CA 90013-1122

Details
APN 5149-024-024
Property Type Retail
Square Footage 93,924
Units 220
Year Built 1984
Stories 5
Lot Size (SqFt) 19,678
Parking Spaces 220 spaces
Parking Per SqFt 2.34
Ground Lease No

Structured Parking & Ground Floor Retail Opportunity

Marketing description

Structured Parking + Ground-Floor Retail Opportunity

93,924 SF Building

128 Parking Stalls

Investment highlights

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire 440 S Broadway, a structured parking garage with ground-floor retail in Downtown Los Angeles. The property currently includes 128 striped parking stalls, with the potential to accommodate approximately 220 stalls through valet operation.

The building totals approximately 93,924 square feet, including 56,000 square feet dedicated to parking and approximately 35,753 square feet of commercial space. The property is currently 16% leased on the commercial side and has a parking agreement in place, offering significant upside through lease-up of the remaining vacancy.

Located in the South Broadway (“SoBro”) district at the intersection of Little Tokyo, the Theater District, and the Fashion District, the property benefits from a dense surrounding mix of office, residential, hospitality, and entertainment uses, along with strong walkability and convenient access to the broader Downtown core.

The offering presents an opportunity to acquire a centrally located parking asset with the ability to increase occupancy and improve parking revenue, while also providing longer term optionality for repositioning or alternative use as market conditions evolve.

Listing Contacts

RG
CA 02101218
Cushman & Wakefield - West Los Angeles, California
WJ
CA 02289850
Cushman & Wakefield Los Angeles
MC
CA #01884476
Cushman & Wakefield Los Angeles
EF
CA #02055218
Cushman & Wakefield Los Angeles
KR
CA 02196566
Cushman & Wakefield Los Angeles
Listed by Cushman & Wakefield - West Los Angeles, California, Cushman & Wakefield Los Angeles

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Additional Information

Name
Reid Gratsch
License
02101218
Brokerage
Cushman & Wakefield
Title
Senior Financial Analyst
Brokerage Address
10250 Constellation Boulevard
Name
Whitney Jones
License
02289850
Brokerage
Cushman & Wakefield
Brokerage Phone
3102281228
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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