 |
| Lloyd Bakan |
Los Angeles, CA – Avison
Young, the world’s fastest-growing commercial real estate services firm,
announced today that it has completed the $6.5-million sale of an
8,568-square-foot (sf) medical office building located in the Culver City
submarket of Los Angeles.
Avison Young Principal Lloyd Bakan and Senior Vice-President Gary Berwick, based in the company’s
West Los Angeles office, represented the seller, a Los Angeles-based private
investor. The private buyer is based out of Los Angeles and purchased the
property as an investment to diversify his holdings.
Built in 1979, the
property is located at 10801 Venice Boulevard, one block west of Overland
Avenue and directly across from the Culver Center Mall. The building is
situated on just under one-half acre of land.
“We aggressively marketed
this property as an opportunity to add value through redevelopment of the
extremely well-located site,” comments Bakan. “We had multiple offers on the
asset and selected a qualified buyer who plans on leasing the property for the
next few years with the potential of future redevelopment.”
For a
complete copy of the company’s news release, please contact:
Darcie Giacchetto
949.278.6224
No comments:
Post a Comment