Quantum Real Estate Advisors, Inc. Brokers the Acquisition of a Parking Lot Located in Downtown Los Angeles

Chicago, IL (March 13, 2024) – Quantum Real Estate Advisors, Inc. has brokered the acquisition of a 29,000 SF parking lot located at 129 E. Washington Blvd., Los Angeles, CA. The property is located 400 feet from the 10 Freeway and less than one mile from Crypto.com Arena, the Los Angeles Convention Center, and LA Live. The property has a MTM lease in place with a parking operator. The property also includes a vacant, 1,200 SF building. The property sold for $7,750,000. Erica Finck with Cushman Wakefield represented the seller in this transaction and Sam Yourman and Jaryd Meenach with Quantum Real Estate Advisors, Inc. represented the buyer.

Mr. Yourman had the following comments regarding the transaction, “The buyer was looking for a parking lot with a short- term return on capital with the intention of long-term redevelopment.” Mr. Yourman continued, “This was a strategic acquisition for the Buyer as they have secured a valuable piece of real estate in a dense, vertically activated corridor of core
Los Angeles.”

Quantum Real Estate Advisors, Inc. (www.QREAdvisors.com) is a commercial real estate brokerage specializing in investment sales and full-service leasing. The team at Quantum has the capacity, through strategic alliances, to offer full-service leasing brokerage, receivership, management, and financing.

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