The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 1, 2023
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Single-Tenant Building in L.A.ís Arts District Goes for over $1,000/sf


A 5.6k sf, single-tenant, retail medical/recreational dispensary net leased to Sweet Flower in Los Angeles traded hands in a $6 mil transaction ($1,071/sf). The deal came in at an 8.2% cap rate.

The retail building is located at 614 Mateo St, in the heart of Los Angelesí Art District. The building, 100% leased to Sweet Flower, features a bow truss roof, two roll up doors, 40 feet of frontage on Mateo St, and high-end luxury finishes.

With a Walk Score of 77, the building is in an extremely dense, infill location with strong demographics. Residents can walk to galleries, restaurants, entertainment, and retail shops. The property also has excellent proximity to the Metroís Gold Line Regional Connector Station and Union Station.

Rosaleen O'Sullivan with NAI Capital Commercialís Investment Services Group represented both buyer, Sweet Buds LLC, and seller, Moved 1031 LLC, in the transaction. The new owner plans to hold this asset as a long-term investment.

Return to the Archive page




Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media