Monday, September 28, 2015

Charles Dunn Co. Completes $2.55 Million Sale of Three-Building Office Property in Studio City, CA

Stacy Vierheilig-Fraser

LOS ANGELES, CA – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $2.55 million sale of three office buildings totaling 7,210 square feet located at 3751-3757 and 3759 Cahuenga Blvd. West in Studio City, Calif.

Stacy Vierheilig-Fraser, senior managing director with Charles Dunn Company, represented the seller, a private investor from Los Angeles, as well as the buyer, Los Angeles-based Koloe, LLC.

“The property was 50 percent occupied by a television production company at the close of escrow,” said Vierheilig-Fraser. “The buyer plans to occupy the remaining space as an owner/user for his mortgage company, Standard Home Lending.”

Standard Home Lending, a mortgage firm focused on providing affordable mortgages to local home buyers, will be relocating and expanding from its current Studio City location at 13223 Ventura Blvd. after a complete renovation and build-out of the property.

The property includes one, two-story creative office building and two, single-story buildings and features outdoor courtyards and 24 parking spaces.

 For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

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