BANKRUPTCY SALE: SOLD TO THE HIGHEST BIDDER
Kidder Mathews is pleased to present the exclusive listing of 737 S Broadway. The offering is comprised of an 8-story office property located in Downtown Los Angeles. The building has undergone extensive improvements and will be delivered turnkey to the new ownership. The building’s office floors have been reconfigured with open layouts, improving functionality and creating modern, friendly workspaces while still maintaining the building’s historic character. The structure totals 75,160 in gross square footage, including the basement floor (7,254 SF) and mezzanine space (831 SF) on the ground floor. This would be a tremendous catalyst and anchor in stabilizing the asset. The building sits on a 10,127 square foot lot with C5 zoning. The building falls within a Tier 3 TOC, Los Angeles State Enterprise Zone, and Downtown LA’s Adaptive Reuse Incentive Area. With the city’s redevelopment incentives, the property’s flexible layout, and turnkey delivery, the asset makes for an attractive conversion project for affordable housing.