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7/08/19
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Two contiguous freestanding buildings encompassing 9.1k sf of space in the Highland Park area of Los Angeles were purchased by a private investor for $5.775 mil ($634/sf). The buildings are located at 5532 and 5526 North Figueroa St, adjacent to the 110 Fwy off the Ave 57 exit.
5532 North Figueroa offers over 6.6k sf of retail and office space. The recently improved creative office space on the second floor features exposed ceilings, polished concrete floors, and abundant glass and natural light throughout.
Located next to 5532 North Figueroa, 5526 North Figueroa is a 2.5k sf building constructed in 1963 on a 5.5k sf lot. The property has the potential to become a prime retail space, creative office or a restaurant.
JLL’s Dana Brody and Nicole Mihalka represented the seller. Aram Pogosian of Industry Partners repped the buyer. According to Brody, the listing generated multiple offers from a cross section of investors.
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