RE- D E V E L O P M E N T O P P O R T U N I T Y F O R S A L E 600 Wall Street D o w n t o w n L o s A n g e l e s, C A Contact Exclusive Brokers: Elisha Tseng Associate Lic. 01966418 elisha@stone-miller.com Eric Krauter Vice President Lic. 01862589 ekrauter@stone-miller.com Bradley C. Stone President Lic. 01125581 bstone@stone-miller.com STONE MILLER 11620 Wilshire Boulevard, Suite 520 Los Angeles, CA 90025 PH: 310.202.9008 FX: 310.202.0630 www.stone-miller.com
SITE OVERVIEW AERIAL AND PLAT MAP The information provided herein or in any of the attachments contained hereto regarding rental rates, market conditions, rent roll, income, expenses and similar data has been submitted to us by third parties believed to be reliable. Stone-Miller cannot make any guarantee, warranty or representation as to the accuracy or validity of this information. Any information or assumptions pertaining properties for sale, lease or financing may contain errors, omissions, changes, or changes to their respective terms and conditions prior to sale or lease, or properties may be withdrew without notice.
FINANCIAL SUMMARY Offering Price Building Size Lot Size Please Submit 52,335 Square Feet (per assessor) 62,900 Square Feet; 1.44 acres Lot Dimensions Approx. 305.4 Ft. on 6 th Street Approx. 205.5 Ft. on Wall Street Year Built 1907, 1935, 1921, 1920, 1951 Gross Scheduled Rental $328,380 Income Current Occupancy Number of Tenants 10 100% Leased Property Features 5 industrial buildings and a gated surface level parking lot with approx. 25 stalls Located on the corner of 6 th Street and Wall Street Investment Highlights Majority of tenants on short term leases with no options, and Month-To-Month leases Located on a signalized corner in the heart of downtown s infamous Fashion, Toy, and Warehouse Districts Visibility, Frontage, and Access from excellent corner space on both 6 th Street and Wall Street Access to the 110, 101, and 10 Freeways The information provided herein or in any of the attachments contained hereto regarding rental rates, market conditions, rent roll, income, expenses and similar data has been submitted to us by third parties believed to be reliable. Stone-Miller cannot make any guarantee, warranty or representation as to the accuracy or validity of this information. Any information or assumptions pertaining properties for sale, lease or financing may contain errors, omissions, changes, or changes to their respective terms and conditions prior to sale or lease, or properties may be withdrew without notice. 3
DEVELOPMENT RIGHTS Zoning Los Angeles [Q]R5-2D Redevelopment Opportunity The Subject Property is 100% leased, providing cash flow during the entitlement process FAR 6:1 APN 5148-024-001 5148-024-021 5148-024-002 5148-024-023 5148-024-019 5148-024-025 5148-024-020 Address 600 Wall Street 326 E 6 th Street 612 Wall Street 328 E 6 th Street 322 E 6 th Street Buyer to verify accuracy** Affordable Housing Proximity to a multitude of Missions, including the Midnight Mission, the Los Angeles Mission, and The Weingart Foundation, makes the Subject Property a great candidate for an Affordable Housing development Affordable Housing Incentives Meets zoning requirements for the Greater Downtown Housing Incentive Area and may qualify for a 35% Area Bonus May qualify for: (1) Low Income Housing Tax Credits (LIHTC) from the California Tax Credit Allocation Committee (CTCAC) and (2) tax-exempt bonds from the California Debt Allocation (CDLAC) 4
600 Wall Street Rare opportunity to leave your mark in the heart of Downtown Los Angeles The information provided herein or in any of the attachments contained hereto regarding rental rates, market conditions, rent roll, income, expenses and similar data has been submitted to us by third parties believed to be reliable. Stone-Miller cannot make any guarantee, warranty or representation as to the accuracy or validity of this information. Any information or assumptions pertaining properties for sale, lease or financing may contain errors, omissions, 5 changes, or changes to their respective terms and conditions prior to sale or lease, or properties may be withdrew without notice.
600 Wall Street For More Information, Please Contact Exclusive Brokers: Elisha Tseng, Associate Lic. 01966418 elisha@stone-miller.com Eric Krauter, Vice President Lic. 01862589 ekrauter@stone-miller.com Bradley C. Stone, President Lic. 01125581 bstone@stone-miller.com STONE MILLER 11620 Wilshire Boulevard, Suite 520 Los Angeles, CA 90025 PH: 310.202.9008 FX: 310.202.0630 www.stone-miller.com The information provided herein or in any of the attachments contained hereto regarding rental rates, market conditions, rent roll, income, expenses and similar data has been submitted to us by third parties believed to be reliable. Stone-Miller cannot make any guarantee, warranty or representation as to the accuracy or validity of this information. Any information or assumptions pertaining properties for sale, lease or financing may contain 6 errors, omissions, changes, or changes to their respective terms and conditions prior to sale or lease, or properties may be withdrew without notice.