Med Men Acquires Commercial Property On Abbot Kinney Blvd, Los Angeles For $19.35M

The property involved in this closed transaction is a commercial asset located at 1310 Abbot Kinney Blvd in Venice, Los Angeles. The property spans 4,860 square feet and was sold for a total price of $19,350,000, equating to a price per square foot of $3,981. The seller of the property was the Schwab Family, while the buyer was Med Men, represented by Adam Bierman, who is also the CEO of Medmen, the largest marijuana retailer in California.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $19,350,000
• Address: 1310 Abbot Kinney Blvd, Venice, Los Angeles
• Market: Venice
• Size: 4,860 square feet
• Price per Square Foot: $3,981
• Seller: Schwab Family
• Buyer: Med Men - Adam Bierman

Adam Bierman, the CEO of Medmen, played a key role in this transaction as the representative for the buyer, Med Men. Med Men is known as the largest marijuana retailer in California.