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So Much For That: Downtown's ImaginAsian Center For Sale

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[The theater, in happier Rendering/Reality days]

Downtown's ImaginAsian Center, the new movie theater and arts space at 251 South Main Street, has been listed for $5.7 million. "The owners are entertaining offers from individuals or companies that would be interested in buying the property," Sandy Bleifer, the real estate agent representing the property tells Curbed. Why are they selling? "They developed this theater in partner with ImaginAsian, but basically operate as developers. They build and move on." Bleifer notes that the ImaginAsian Center still could run on the site since it's operated by a different company. According to the listing: "It's a 239-seats movie theater. $1.2M state-of-art tech (vintage/DVD/conventional film). Prewired fiber optic cable-live feeds off satellite. Concession stand+city/state beer/wine license. Permitted for separate cafe use." There's no immediate word on attendance levels, but the theater/space was targeted at a niche market.
· Loopnet [ImagineAsian]
· Rendering/Reality: Downtown's ImaginAsian Center [Curbed LA]