Versatile Warehouse in Downtown LA | 1250 S Broadway
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Versatile Warehouse in Downtown LA 1250 S Broadway
7,205 SF Vacant Industrial Building Online Auction Sale Los Angeles, CA 90015
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Investment Highlights
- 1250 S Broadway is a valuable commercial asset with warehouse and showroom space in the Fashion District of Downtown Los Angeles.
- Take advantage of the opportunity to acquire this well-maintained facility offering endless potential for a growing business or investment portfolio.
- DTLA is the hub of the most prominent fashion industry in the country and is poised for further growth and a positive demographic shift.
- Established at a high-profile, signalized intersection, this location offers exceptional visibility to dense vehicle and pedestrian traffic.
- With a highly adaptable floorplan combining retail, warehouse, and office space, 1250 S Broadway is suitable for a variety of industries.
- Backed by strong market trends and significant capital being invested in the downtown core, this location is destined for long-term success.
Executive Summary
1250 S Broadway is a ±7,205-square-foot industrial facility ideally located in Los Angeles’ bustling downtown area. This versatile commercial building features a flexible floor plan with warehouse, retail, and showroom space. The space can be reconfigured to suit future business needs by removing demising walls for larger undertakings. Equipped with six overhead bay doors, a 12-foot clear height, and two bathrooms, 1250 S Broadway is suitable for businesses across a multitude of industries. This well-maintained asset offers new ownership the opportunity to invest in the highly coveted Los Angeles commercial market. Add value and secure a long-term investment by immediately occupying the space or leasing to a credit-worthy tenant at market rates.
Prominently positioned on the northeast corner of Pico and Broadway, the property’s location grants extensive road frontage and unmatched visibility to over 25,000 vehicles per day. With plenty of public parking options and easy access to the 5, 10, 101, and 110 Freeways, commuting is convenient for both employees and visitors. 1250 S Broadway is close to all major wholesale and retail tenants in the Fashion District, and the building is also within walking distance of the renowned Santee Alley. This location is only minutes from Los Angeles’ top amenities, including LA Live, LA Convention Center, Staples Center, the downtown area, and The Arts District.
Downtown Los Angeles comprises multiple districts such as the Fashion District, Warehouse District, Central City East, Arts District, Toy District, South Park, Little Tokyo, and Financial District, among others. The Financial District attracts a large number of visitors due to its abundant offering of affordable retail stores. Downtown Los Angeles continues to grow with upcoming development projects, such as The Grand, Amp Lofts, Perla, and the Apple Store (historic Tower Theater). Nearby Fashion Marts are San Pedro Wholesale Mart & Annex, Stanford Wholesale Mart, LA Fashion Mart, and Stanford Plaza. Being the West Coast’s hub of fashion, along with the largest flower market in the country and the largest selection of textiles and notions in the US, the LA Fashion District is jam-packed with +4,000 independently owned and operated retail and wholesale businesses. The 107 blocks of creativity, community, and color that make up the LA Fashion District are safe, walkable, and easy to navigate, with the district being geographically divided into 17 distinct categories. The majority of the district’s high-end retail is located between Broadway and Los Angeles Street from 8th to 11th Streets.
1250 S Broadway is ideally positioned within the Central Los Angeles Industrial Submarket. The area has been undergoing a significant redevelopment phase for housing purposes, leading to the demolition of over 11 million square feet of industrial space. Despite the shrinking inventory base, Downtown Los Angeles hosts a dense concentration of manufacturing companies and logistics operators. With limited inventory and continued demand for space that provides convenient access to the Los Angeles and Long Beach ports, railways, and major transportation routes, the Central Los Angeles Industrial Submarket will remain a popular choice amongst small and large businesses.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Prominently positioned on the northeast corner of Pico and Broadway, the property’s location grants extensive road frontage and unmatched visibility to over 25,000 vehicles per day. With plenty of public parking options and easy access to the 5, 10, 101, and 110 Freeways, commuting is convenient for both employees and visitors. 1250 S Broadway is close to all major wholesale and retail tenants in the Fashion District, and the building is also within walking distance of the renowned Santee Alley. This location is only minutes from Los Angeles’ top amenities, including LA Live, LA Convention Center, Staples Center, the downtown area, and The Arts District.
Downtown Los Angeles comprises multiple districts such as the Fashion District, Warehouse District, Central City East, Arts District, Toy District, South Park, Little Tokyo, and Financial District, among others. The Financial District attracts a large number of visitors due to its abundant offering of affordable retail stores. Downtown Los Angeles continues to grow with upcoming development projects, such as The Grand, Amp Lofts, Perla, and the Apple Store (historic Tower Theater). Nearby Fashion Marts are San Pedro Wholesale Mart & Annex, Stanford Wholesale Mart, LA Fashion Mart, and Stanford Plaza. Being the West Coast’s hub of fashion, along with the largest flower market in the country and the largest selection of textiles and notions in the US, the LA Fashion District is jam-packed with +4,000 independently owned and operated retail and wholesale businesses. The 107 blocks of creativity, community, and color that make up the LA Fashion District are safe, walkable, and easy to navigate, with the district being geographically divided into 17 distinct categories. The majority of the district’s high-end retail is located between Broadway and Los Angeles Street from 8th to 11th Streets.
1250 S Broadway is ideally positioned within the Central Los Angeles Industrial Submarket. The area has been undergoing a significant redevelopment phase for housing purposes, leading to the demolition of over 11 million square feet of industrial space. Despite the shrinking inventory base, Downtown Los Angeles hosts a dense concentration of manufacturing companies and logistics operators. With limited inventory and continued demand for space that provides convenient access to the Los Angeles and Long Beach ports, railways, and major transportation routes, the Central Los Angeles Industrial Submarket will remain a popular choice amongst small and large businesses.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per SF
Los Angeles - CA USA
Market Cap Rate
Los Angeles - CA USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
| Sale Type | Investment | Rentable Building Area | 7,205 SF |
| Sale Conditions | Auction Sale | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1925 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Clear Ceiling Height | 12’ |
| Lot Size | 0.18 AC | No. Drive In / Grade-Level Doors | 6 |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.18 AC |
| Rentable Building Area | 7,205 SF |
| No. Stories | 1 |
| Year Built | 1925 |
| Tenancy | Single |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 6 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Building can be restored to a six (6) tenant building. Whse HVAC: AC/Heat. Buyer to independently verify all above items: permitted building size, office size, age, power, clear, sprinklers, zoning, bathroom count, parking, HVAC, floor load, utilities. Buyer should confirm zoning and use prior to signing.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 7,205 SF | Industrial | Partial Build-Out | 30 Days |
1st Floor
| Size |
| 7,205 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
1st Floor
| Size | 7,205 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | 30 Days |
Building can be restored to a six (6) tenant building. Whse HVAC: AC/Heat. Buyer to independently verify all above items: permitted building size, office size, age, power, clear, sprinklers, zoning, bathroom count, parking, HVAC, floor load, utilities. Buyer should confirm zoning and use prior to signing.
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (99)
Bike Score®
Very Bikeable (86)
About Central LA (Ind for Sale)
Central Los Angeles encompasses the neighborhoods around downtown Los Angeles, including the Arts District, Boyle Heights, and El Sereno. Major employers include Cal State Los Angeles and the University of Southern California Health Sciences campus.
The area has long been home to smaller industrial tenants that utilize space for a variety of manufacturing and distribution uses thanks to its central location in the massive Los Angeles metropolitan area. The area has a burgeoning life sciences corridor that stretches from Occidental College in the north to Cal State LA, with companies utilizing an educated workforce in the area for the expanding industry. Other large talent generators include universities such as Cal Tech in nearby Pasadena.
New construction is rare in these areas. Many recent transactions continue to be motivated by redevelopment strategies.
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
Los Angeles
3,990,456
7
0 h 14 m
San Diego
1,425,976
115
2 h 19 m
Las Vegas
644,644
276
5 h 10 m
San Jose
1,030,119
338
6 h 26 m
Phoenix
1,660,272
379
6 h 51 m
San Francisco
883,305
382
7 h 9 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
3,572,397
Total Labor Force
1,844,788
Unemployment Rate
5.56%
Median Household Income
$66,538
Warehouse Employees
254,193
High School Education Or Higher
76.90%
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $262,499 | |
| Land Assessment | $5,722,523 | Total Assessment | $5,985,022 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,722,523
Improvements Assessment
$262,499
Total Assessment
$5,985,022
zoning
| Zoning Code | C2 (Commercial District) |
| C2 (Commercial District) |
Sale Advisors
Sale Advisors
Matthew C. Sullivan, Managing Director, Principal
(213) 623-0800 x1
Contact
Matthew C. Sullivan, a 35+ year commercial real estate veteran, is a Founding Principal of Lee Investment Services Group, a member of the Lee Group of Companies. He specializes in investment advisory and brokerage for multi-family, industrial, office, medical, mixed use and retail properties. He has successfully executed or assisted in the close of more than 300 transactions valued in excess of $2 billion over the course of his career.
Mr. Sullivan has developed a loyal client list that includes both public and private sector companies, developers and institutional investors who rely on his counsel and transactional acumen to realize their wealth accumulation goals. He has ranked as the No. 1 or No. 2 producer in the companies he has been affiliated with for several years.
Mr. Sullivan was most recently with Colliers International where he was a charter member and Advisory Board member of the Private Capital Advisors team, developed to serve investors who place their own money into commercial and multi-housing real estate investments.
Earlier in his career, Mr. Sullivan served as Senior Investment Associate and Director of the national office and Retail Investment Group of Marcus & Millichap. The Senior Investment Associate title, which he was awarded in 1992, is given to less than 2 percent of the agents who start with the company.
Mr. Sullivan began his real estate career with Charles Dunn Co. and Coldwell Banker.
Mr. Sullivan has developed a loyal client list that includes both public and private sector companies, developers and institutional investors who rely on his counsel and transactional acumen to realize their wealth accumulation goals. He has ranked as the No. 1 or No. 2 producer in the companies he has been affiliated with for several years.
Mr. Sullivan was most recently with Colliers International where he was a charter member and Advisory Board member of the Private Capital Advisors team, developed to serve investors who place their own money into commercial and multi-housing real estate investments.
Earlier in his career, Mr. Sullivan served as Senior Investment Associate and Director of the national office and Retail Investment Group of Marcus & Millichap. The Senior Investment Associate title, which he was awarded in 1992, is given to less than 2 percent of the agents who start with the company.
Mr. Sullivan began his real estate career with Charles Dunn Co. and Coldwell Banker.
Jeffrey Hubbard, Senior Vice President
(323) 767-2037
Contact
Jeffrey Hubbard, a Senior Vice President and Principal of Lee & Associates®-Commercial Real Estate Services, Inc., is a real estate veteran whose career began in 1988. Jeff has successfully negotiated the acquisition and disposition of over eight hundred commercial property transactions valued at over $900 million.
For the past thirty-two years Mr. Hubbard’s geographic focus has been commercial and industrial real estate in Los Angeles County. Jeff represents corporations, family trusts and individuals with integrity and pragmatic work ethics for which he is well known. Utilizing leading edge technology, Jeff is thorough in his research of market conditions, providing his clients with comprehensive information and sound investment advice. Recent transactions include the sale of a 406,000 square foot and 375,000 square foot distribution facilities to O’Reilly Auto Parts valued at more than $50 million.
For the past thirty-two years Mr. Hubbard’s geographic focus has been commercial and industrial real estate in Los Angeles County. Jeff represents corporations, family trusts and individuals with integrity and pragmatic work ethics for which he is well known. Utilizing leading edge technology, Jeff is thorough in his research of market conditions, providing his clients with comprehensive information and sound investment advice. Recent transactions include the sale of a 406,000 square foot and 375,000 square foot distribution facilities to O’Reilly Auto Parts valued at more than $50 million.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Versatile Warehouse in Downtown LA | 1250 S Broadway
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