Paul Radnia Purchases Retail Office Asset In Beverly Hills For $6,250,000 With Michael Mehdizadeh As Buyer's Rep

9012–9020 Burton Way is a three-building asset in Beverly Hills that features a total square footage of approximately 6,451 SF, situated on about 11,381 SF of land. The portfolio comprises a 3,293 SF two-story office building at 9012–9014 Burton Way, a 1,436 SF restaurant at 9018 Burton Way occupied by Il Cielo, and a 1,722 SF two-story retail/office building at 9020 Burton Way, also occupied by Il Cielo. The properties, originally constructed in the 1940s, are located near premier hospitality, retail, and medical anchors.

Summary of transaction details:

• Property Type: Retail/Office
• Transaction Amount: $6,250,000
• Square Footage: 6,451
• Address: 9012-9020 Burton Way
• Market: Beverly Hills
• Price per Square Foot: $969
• Buyer: Paul Radnia
• Tenant: Il Cielo And Office Tenants
• Seller’s Rep: Carly Geller & Jay Luchs - Newmark
• Buyer’s Rep: Michael Mehdizadeh - Aclee Commercial Real Estate

Carly Geller and Jay Luchs represented the seller in the transaction, while Michael Mehdizadeh acted on behalf of the buyer. The transaction reflects a collaborative effort by established brokers in the Beverly Hills market.