Urban Stearns Acquires San Pedro Office Building On 222 W 6th St For $29M

An office property located at 222 W 6th St in San Pedro has been sold in a transaction involving Urban Stearns as the buyer and Harbor Associates & Platform Ventures as the seller. The property, spanning 292,540 square feet, was sold for a total price of $29,000,000, equating to a price per square foot of $99.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $29,000,000
• Address: 222 W 6th St, San Pedro
• Market: San Pedro
• Buyer: Urban Stearns
• Seller: Harbor Associates & Platform Ventures
• BROKERS: Kevin Shannon, Ken White, Chris Benton, Scott Schumacher & Anthony Muhlstein - Newmark
• Square Footage: 292,540
• Price per Square Foot: $99

The sale of this office property was facilitated by brokers Kevin Shannon, Ken White, Chris Benton, Scott Schumacher, and Anthony Muhlstein from Newmark. Their expertise and negotiation skills played a crucial role in closing this transaction successfully. This sale marks an important milestone for both the buyer, Urban Stearns, and the seller, Harbor Associates & Platform Ventures, in the San Pedro market.