216 S Spring St - Office FOR SALE


Los Angeles, CA 90012- Historic Downtown LA
$4,900,000 USD
213-629-7379
216 S Spring St, Los Angeles, CA for Sale
$4,900,000 USD
Office - FOR SALE
1/2
null | Request Cap Rate

NEW


216 S Spring St
Los Angeles, CA 90012
Historic Downtown LA


HIGHLIGHTS

  • Owner/User or Multifamily Development Opportunity

OVERVIEW

Cushman & Wakefield of California, Inc. as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 216 S Spring Street, Los Angeles, CA 90012 (the “Property”), a one-story, freestanding 13,900 square foot concrete building originally built in 1950. The Property includes a loading dock on Harlem Alley in the rear of the building. The Property is conveniently located in the Bunker Hill submarket of Downtown Los Angeles just north of the Grand Central Market. The Property is within walking distance to the Civic Center/Grand Park Metro Station. The Property is also right next to several notable Downtown Los Angeles parks, including Pershing Square and Grand Park. 216 S. Spring also presents the unique opportunity to build 120 units that have been thoughtfully designed with the modern city dweller in mind. Located in close proximity to an abundance of amenities, public transit options and some of the most prominent employers in the City, this is a site that offers businesses and companies to own a uniquely sized property that can be easily retrofitted for a variety of uses.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$353 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

216 S Spring

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,784 SF

ZONING

C2-4D

APN/PARCEL ID

5149-007-005

ASK ABOUT THIS PROPERTY

Michael Condon Jr.Cushman & WakefieldMore Info
213-629-7379

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Michael Condon Jr.Cushman & WakefieldMore Info
213-629-7379

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.