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Crocker Fashion Building 1100-1144 Crocker St 58,679 SF 100% Leased Retail Building Los Angeles, CA 90021 $17,449,000 CAD ($297.36 CAD/SF) 5.49% Cap Rate
INVESTMENT HIGHLIGHTS
- 58,679 SF Four-Story Commercial Building
- Onsite Parking
- M2 Zoning Permits A Wide Range of Uses
- Multi-Tenant Retail Property
- Central Business District Location
- Owner/User Opportunity
EXECUTIVE SUMMARY
1100-1144 South Crocker Street, also known as the Crocker Fashion building, is located in the heart of the LA Downtown Warehouse District. The Crocker Fashion building is a +/-58,679 SF four-story commercial building. It includes a mixture of fashion retail tenants. Convenient location with ample onsite parking. The building was built in 2008. Zoned M2, the location is permitted for a range of uses, including manufacturing, warehousing, distribution, research and development, and standard retail. The Crocker Fashion building is located in the hub for apparel and wholesale businesses, providing great opportunities for networking and business expansion. With a current vacancy of 60.3%, the property is an excellent opportunity for an owner/user. The location has easy access to the 10 Freeway, providing access to West LA and East LA. Situated near the heart of the Fashion District of Downtown LA, the Crocker Fashion building benefits from placement within a high concentration of independently owned retail and wholesale businesses.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
58,679 SF
Building Class
B
Year Built
2008
Price
$17,449,000 CAD
Price Per SF
$297.36 CAD
Cap Rate
5.49%
NOI
$957,811 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
1.87
Lot Size
0.72 AC
Opportunity Zone
Yes
Zoning
M2 - Light manufacturing
Parking
167 Spaces (2.85 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
Walk Score®
Very Walkable (75)
Transit Score®
Excellent Transit (88)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5132-010-059 | Improvements Assessment | $23,845,976 CAD |
| Land Assessment | $16,488,005 CAD | Total Assessment | $40,333,981 CAD |
PROPERTY TAXES
Parcel Number
5132-010-059
Land Assessment
$16,488,005 CAD
Improvements Assessment
$23,845,976 CAD
Total Assessment
$40,333,981 CAD
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Crocker Fashion Building | 1100-1144 Crocker St
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