The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
November 17, 2019
 Search RENTV
   Go!
 Video Programs
 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
Office Building in L.A.ís Larchmont Village Fetches over $800/sf

7/16/19

A modern, jewel box office building in the heart of tony Larchmont Village, near the upscale Los Angeles neighborhood of Hancock Park, was acquired by a local investment partnership. The three-story, 12.4k sf building sold for $10.05 mil, or $810/sf, said to be a record price/sf for the Hollywood, Silver Lake, and West Hollywood office submarkets for the last 12 months for an office building up to 20k sf in size.

Located at 320 N. Larchmont Blvd, the building was constructed and owned by two generations of the Cerrell family and occupied since 1989 by Cerrell Associates Inc, a well-known boutique public relations firm. Cerrell will continue to occupy a portion of the building as part of a short-term sale-leaseback agreement.

Nathan Pellow, Michael Weiner and Nick Nybakken with Colliers International represented the seller in the transaction. The property had been on the market for just over 30 days prior to the sale.





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 © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media