OFFERING MEMORANDUM A Signalized Corner Mixed-Use Retail and Office Property Ideally located in the heart of Downtown Los Angeles in the Iconic Fashion District brandonmichaelsgroup.com INVESTMENT ADVISORS Brandon Michaels Senior Managing Director of Investments Senior Director, National Retail Group Tel: 818.212-2794
[email protected] CA License: 01434685 Matthew Luchs First Vice President Investments COO of The Brandon Michaels Group Tel: 818.212.2727
[email protected] CA License: 01948233 Ben Brownstein Senior Investment Associate National Retail Group National Industrial Properties Group Tel: 818.212.2812
[email protected] CA License: 02012808 Contents 04 Executive Summary 10 Property Overview 16 Area Overview 28 FINANCIAL ANALYSIS Executive Summary 4 1048 S. Los Angeles St The Offering A Signalized Corner Mixed-Use Retail and Office Property Ideally located in the heart of Downtown Los Angeles in the Iconic Fashion District The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively represent for sale 1048 South Los Angeles Street, a two-story multi-tenant mixed-use retail and office property ideally located on the Northeast signalized corner of Los Angeles Street and East 11th Street. The property is comprised of 15 rental units, with eight retail units on the ground floor, and seven office units on the second story. 1048 South Los Angeles Street is to undergo a $170 million renovation. currently 86% occupied. Three units are The property is located in the heart of vacant, one of which is on the ground the iconic fashion district of Downtown floor, and two of which are on the Los Angeles, which is home to over second story.