The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





LOS ANGELES COUNTY NEWS
Printer-friendly Version   Email an Associate
Culver City Office Building Offers Potential Redevelopment Opportunity for Buyer

9/16/15

An 8.6k sf medical office building in Culver City was recently acquired by an LA private investor for $6.5 mil, or $756/sf. The property sits on just under one-half-acre of land at 10801 Venice Blvd, a block west of Overland Ave and directly across the street the Culver Center Mall, anchored by Best Buy, Ralph’s and LA Fitness.

The property was marketed as a value-add opportunity as the desirable location makes it a good candidate for redevelopment. The buyer, who purchased the asset to diversify his holdings, plans to continue leasing it for the next few years the potential for future redevelopment down the road.

Avison Young Principal Lloyd Bakan and Senior Vice-President Gary Berwick, based in the company’s West Los Angeles office, represented the seller, also a Los Angeles-based private investor. The listing generated multiple offers.





Return to the Archive page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media