 |
| John C. Anthony |
LOS ANGELES, CA – Charles
Dunn Company, one of the largest full-service regional real estate firms in the
western United States, has completed the $4 million sale of a vacant,
two-building, 17,131-square-foot office property near the Downtown Los Angeles
and Hollywood markets.
John Anthony, Chris Steck, and Chris Giordano of Charles Dunn Company represented the seller, 1616
Beverly Boulevard, LLC. The buyer, Thomas
Leslie Cantor, was represented by Regional Realty & Investment.
Located at 1616 Beverly
Blvd. and 118 Union Place near the 110 and 101 freeways, the property is
situated on nearly one-half acre of land and includes a surface parking lot
providing direct access to both buildings.
“The San Diego-based buyer
plans to use the property for medical office use,” said Anthony. “Owner/user
sales on the Beverly Blvd. corridor are strong as it is a major thoroughfare
connecting to Downtown, Silverlake, and Hollywood.
“As rental rates rise and
vacancy tightens, many Los Angeles-area businesses are looking to buy property
for long-term stability of office space expenses.”
Anthony added that the
buyer paid all-cash and escrow closed in just seven days.
For a
complete copy of the company’s news release, please contact:
Darcie Giacchetto
949.278.6224
No comments:
Post a Comment