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4/26/16
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We’ve got the scoop on a couple on interesting recent sales from LA’s Westside. The deals, which took place in Culver City and Beverly Hills, total over $14.5 mil and were both brokered, at least in part, by Coldwell Banker Commercial WESTMAC.
In the larger transaction, a two-story, 24.1k sf office building in Culver City traded for $11.15 mil, or $462/sf. The building, which was sold vacant, sits on a 21.8k sf site at 5915-5995 Sepulveda Blvd, south of the 90 Fwy between the 405 Fwy and Westfield Culver City Shopping Center.
5995 Sepulveda Blvd, Culver City |
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The buyer, Reading Properties LLC, was repped by Jeffrey Welch, Lynn Williams, Stanley Gerlach, Michael Hartwick, Bryan Dunne of CBRE. WESTMAC’s T.C. Macker represented the seller, 5995 Sepulveda Properties LLC.
In the other deal, a one-story, 3.7k sf commercial building in Beverly Hills was purchased for $3.5 mil, or $939/sf. The pricey property sits on 5.3k sf of land at 207-209 S. Robertson Blvd, a block south of Wilshire Blvd. It was vacant at time of sale.
WESTMAC’s T.C. Macker and Patrick Sheeky repped the seller, 209 South Robertson LLC. The buyer, Beverly Hills Terrazzo LLC, was represented by Jackie Yashar and Reuben Robin with Concord Real Estate.
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