2021 W Pico Blvd
Los Angeles, CA 90006
Retail Property For Sale

CBRE, Inc. is excited to market to qualified investors, and brokers, a generational single-tenant, freestanding Ross Dress for Less in Downtown Los Angeles. The property is 100% leased and corporately guaranteed by Ross Dress for Less, a Fortune 500 Company. Ross signed a 10 year (approximately 7 years remaining) NNN lease and maintains all aspects of the subject property, including property taxes, roof, structure, and parking lot repairs and replacements. The lease calls for scheduled rental increases every five (5) years throughout the term of the lease, with the next rental increase scheduled for February 2019. The property is located in the Pico-Union District of Los Angeles, arguably the most densely populated trade area in California. The building was built in 1998, has zero deferred maintenance, and is one of the newest retail buildings in the trade area. The subject property is located at the signalized intersection of Pico Boulevard and Alvarado Street, just minutes from Staples Center, the Los Angeles Convention Center, and over 69 million square feet of office space in Downtown Los Angeles.