SOLD
Mark Hong Of KORUS Real Estate Buys Mixed-Use Building In LA For $13.5M As Buyer's Rep
1001 Towne Avenue
Mixed-use
43,700 SF
43,700 SF
Sold 50 days ago
Summary
Sale
CALIFORNIA
Mixed-use
43,700 sqft
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
All
6
Agents
4
Agencies
2
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.View on map
Loading...
Address1001 Towne Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want