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420 South Alvarado Street

James G. Conroy Signs Retail Lease For Ross Dress For Less At 420 South Alvarado Street
LEASEDRetail

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

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.

Players

James G. Conroy

Ross Dress for Less

Tenant

1 deal

Tenant

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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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