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  • 4 UNIT 100% OCCPD FASHN D BLDG

    4 UNIT 100% OCCPD FASHN D BLDG

    For Sale 1115 Wall St
    $1,800,000 6,500 SF $277/SF
    Sale Type : Standard # of Units : 4 CAM : n/a CAP : 5.17%

    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   [envira-gallery id="37594"]    

A commercial real estate brokerage led by Broker/CEO Donegan McCuaig, headquartered in DTLA. He specializes in creative work space, creative office space, retail space, restaurant space, warehouse space, medical office space, creative space, and industrial space for lease in Los Angeles along with investment property sales.

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