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4/03/19
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A private investor paid $11.6 mil for a 39k sf ($298/sf) office building in the San Fernando Valley community of Sherman Oaks. The property is located at 12925 Riverside Dr, just north of the 101 Fwy and west of Coldwater Canyon Dr.
The four-story, Class A building features open ceilings with exposed HVAC, expansive window lines with tree top views from the upper floors, a spacious break room, contemporary lighting and ample garage and surface parking.
Stacy Vierheilig-Fraser with Lee & Associates and Scott L. Gertz with Coldwell Banker Commercial WESTMAC represented the seller, RDP Investments LLC. Michael Shuken of Savills Studley represented the buyer in the deal.
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