Updated Apr 21, 2026
James G. Conroy Signs Retail Lease For Ross Dress For Less At 420 South Alvarado Street
420 South Alvarado Street
Building Size
24,800 SF
Asset Type
Retail
Closing
Apr 20, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 420 South Alvarado Street in Los Angeles. The square footage of the space is 24,800, and it has been leased by Ross Dress for Less. The asset is situated in a dense, transit-oriented location which aligns with Ross Stores' value-focused strategy.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: James G. Conroy - Ross Dress for Less
- Market: Los Angeles
- Address: 420 South Alvarado Street
This lease reflects the ongoing demand for mid-size retail spaces from off-price tenants, particularly in high-traffic submarkets of Los Angeles. The deal was noted for its alignment with the strategic objectives of the tenant in a bustling area.
On the Map
Retail
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Los Angeles Retail Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93