Freestanding Retail Building with
216 S Spring St Los Angeles, CA
For Sale
Contact for pricing
Freestanding retail building featuring a loading dock.
Property Size13,900 SF
Lot Size0.29 Acres
Price / SF$352.52
Days on Market1193
Property Features for 216 S Spring St
General Information
Standard status
Active
Size
13,900 SF
Lot size
0.29 Acres
Property subtype
OFFICE
Listing Agency:
Cushman & Wakefield
(213) 629-7379
Listed By:
Mike Condon, Jr.
(213) 629-7379
Source:
Moodyscre
Added: Apr 24, 2023
Changed: Jul 10
Last Checked: Jul 21 at 6:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield
Investment Insights
Based on property information with market context.
This is a freestanding retail building with 13,900 square feet of space. The property includes a loading dock located on Harlem Alley at the rear of the building.
Key Highlights
- Free standing building
- Features a loading dock for convenient deliveries
- Loading dock access via Harlem Alley
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $513.7k | $36.96 |
| − Vacancy | −$52.9k | −$3.81 |
| EGI | $460.8k | $33.15 |
| − OpEx | −$138.2k | −$9.95 |
| NOI | $322.6k | $23.21 |
13,900 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.61M
$4.03M – $5.38M
NOI $322,580 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$281.61M
$246.40M – $328.54M
NOI $19,712,396 @ 7.0% cap · market cap 402.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Birch & Bone — 743 Maple Ave, Los Angeles, CA 90014
- Papillon Flowers Inc. — 775 Wall St, Los Angeles, CA 90014
- Be A Tall Poppy — 767 Santee St, Los Angeles, CA 90014
- SOS flowers market — 754 Wall St #40, Los Angeles, CA 90014
- Orchid Man — 755 Wall St, Los Angeles, CA 90014
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail building featuring a loading dock.
Where is this storefront property located?
The property is located at 216 S Spring St Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Free standing building; Features a loading dock for convenient deliveries; Loading dock access via Harlem Alley
