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| Gelena Skya-Wasserman |
LOS ANGELES, CA– Charles Dunn Company, one of the largest
full-service regional real estate firms in the western United States, has
completed the $3,205,000 sale of a two-story, 9,252-square-foot office building
located at 14101 Valleyheart Dr. in Sherman Oaks, Calif.
Roger L. Beck, SIOR and Gelena Skya-Wasserman
of Charles Dunn Company represented the seller, Van Nuys, Calif.-based CG
Investments, LLC.
Bogun Realty
represented the buyer, a private investor from Sherman Oaks who will occupy
about half of the property for its home nursing provider business.
The price-per-square-foot for the property garnered
approximately $346, one of the highest prices to date in the market for
comparable assets.
Built in 1985, the well-maintained and well-located property
was recently renovated. It is adjacent to the Hollywood 101 and 405 freeways,
offers easy access to Ventura Blvd., and is within walking distance to Fashion
Square Mall. The asset offers ample parking (22 spaces), balconies, and four
individually metered suites.
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| Roger L. Beck |
“The occupancy at the close of escrow was 50 percent,” said
Beck. “The new owner-user will continue to lease out space to existing tenants,
while using the remainder of the space for its business.”
Beck added: “Inventory in the Sherman Oaks area is very low
for available office space – especially smaller office product that is
well-suited for an owner-user situation.
“Understanding the office ownership demand from small
business owners, our marketing strategy targeted local businesses in the area
and we were able to secure a solid buyer for our client.”
This is the second time Beck and Skya-Wasserman have sold
this particular property.
Skya-Wasserman noted: “In 2008 our team represented CG
Investments, LLC when it acquired the asset in an owner-user situation, and
again when they expanded to a new location in 2011.”
For a complete copy
of the company’s news release, please contact:
Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224
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