807-813 E 12th St
Los Angeles, CA 90021
Stanford Wholesale Mart · Retail Property For Sale

Marcus & Millichap is pleased to present Stanford Wholesale Mart. This dynamic wholesale fashion showroom center is optimally located at the intersection of Stanford Avenue and East 12th Street, right in the heart of the bustling Los Angeles Fashion District. For over a century the Fashion District has served as a major economic driver in the region and it continues to generate approximately 39% of Southern California’s total $46 Billion garment industry. Wholesale related businesses make up roughly 80% of the tenants in this submarket. Buyers, retailers, wholesalers and designers all congregate here creating a collaborative and exciting destination that is synonymous with LA’s reputation for being a trend-setter in the fashion industry. Over 2,000 independent wholesalers are dispersed throughout the area and multiple events and trade shows are hosted here each year for industry participants. Stanford Wholesale Mart was built in 2008 following a careful trend analysis by the developers who discovered that the wholesale industry was moving east of San Pedro Street and away from historic Santee Alley: it is a four-story retail plaza that is occupied by fashion wholesalers, with approximately 87,696 square feet of leasable space. There is an open-air atrium with a giant LCD Screen. Interior corridor to enhance the walkability of the project while providing superior visibility to the showrooms. The property consistently operates at high occupancy levels as most wholesale tenants have recurring clientele. There are 109 tenant spaces and ample parking for up to 225 vehicles on the third and fourth levels. Stanford Wholesale Mart is subject to a master ground lease and is a Leasehold Interest property. The current ground lease expires in 2039 with one 25 year option to extend through 2064. Downtown Los Angeles is currently undergoing a renaissance and billions of dollars are flowing into new developments such as the highly anticipated City Market South project which is now under construction only three blocks to the west of Stanford Wholesale Mart and will include a 75,000 square-foot complex on 2.5 acres with restaurant, retail, and creative office space, all highlighted by pepper tree-lined paths, patio dining areas, a bocce ball court, valet parking, and the capacity to host dozens of annual events. The Los Angeles Proper Hotel is another nearby project that will boast 13 stories, 107,000 square feet, and 151 guest rooms.