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Mark Hong Of KORUS Real Estate Buys Mixed-Use Building In LA For $13.5M As Buyer's Rep

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SOLD
$13,500,000
Mark Hong
Mark Schuessler
Ryan Plummer
+ 1

California

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Mixed-use43,700 SF
Sold 03/13/2024
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SOLD

Mark Hong Of KORUS Real Estate Buys Mixed-Use Building In LA For $13.5M As Buyer's Rep

1001 Towne Avenue

See Similar Deals
Mixed-use43,700 SF
Sold 03/13/2024
Mark Hong
Mark Schuessler
Ryan Plummer
+ 1
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$308
Total Square Footage:43,700 SF
Transaction Type:Sale

The $13.5 million sale of 1001 Towne Avenue, a mixed-use building located in Los Angeles's Fashion District, has been successfully transacted. This property comprises 43,700 square feet of retail and office space, with 82 percent of it currently leased to a variety of apparel businesses.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $13,500,000
  • Address: 1001 Towne Avenue
  • Market: Los Angeles
  • Square Footage: 43,700
  • Price per Square Foot: $309

The notable individuals involved in this transaction are Mark Schuessler, Ryan Plummer, and Sean Fulp from Colliers International who represented the seller. On the buyer's side, Mark Hong from KORUS Real Estate played a pivotal role in representing the purchasing party.

Players

Mark Schuessler
Colliers
Mark Schuessler
37 deals$1.3B volume
BROKER
Ryan Plummer
Newmark
Ryan Plummer
46 deals$1.1B volume(310) 407-6570
BROKER
Mark Hong
KORUS Real Estate
Mark Hong
2 deals$18.4M volume
BROKER
Sean Fulp
Colliers
Sean Fulp
55 deals$1.9B volume
BROKER

Details

SOLD
IMAGE: Mark Schuessler, Sean Fulp, Ryan Plummer & Mark Hong DATE: 03/13/2024 ADDRESS: 1001 Towne Avenue MARKET: Los Angeles ASSET TYPE: Mixed-use BUYER'S REP: Mark Hong - KORUS Real Estate (@KORUSRealEstate) SELLER'S REP: Mark Schuessler (@MarkSchuess), Ryan Plummer (@RyanOPlum) & Sean Fulp (@SeanaFulp) - Colliers International (@ColliersInternational) SALE PRICE: $13,500,000 SF: 43,700 ~ PPSF: $309 NOTE: Colliers arranged the $13.5 million sale of 1001 Towne Avenue, a mixed-use building in LA's Fashion District, with Mark Schuessler, Sean Fulp, and Ryan Plummer representing the seller, and Mark Hong of KORUS Real Estate representing the buyer. The four-story building offers 43,700 square feet of retail and office space, 82 percent leased to a mix of apparel businesses.

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