1001 Towne Ave - Storefront Retail/Office FOR SALE
Los Angeles, CA 90021 |
1001 Towne Ave
Los Angeles, CA 90021
HIGHLIGHTS
- 1001 Towne is an 87% leased storefront retail asset on the corner of 10th Street and Towne Avenue in the Fashion District of Downtown Los Angeles.
- DTLA is the hub of the most prominent fashion industry in the country with over 2,000 independent retail and wholesale apparel businesses.
- New owner will benefit from immediate leasing upside and an ideal mix of suite sizes that perfectly align with tenant demand in the area.
- Ideally positioned within proximity to an expanding education hub offering significant foot traffic and a younger demographic from both UCLA and ASU.
- DTLA is experiencing a residential development boom with over 3,100 units in the pipeline and 20% of the city’s housing stock to be in DTLA by 2040.
- 1001 Towne’s Fashion District location has immediate access to the 10 Freeway, providing quick access to West LA and East LA.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Retail in the Fashion District | Lender Owned
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
43700
STORIES
4
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
86
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5132-010-049
