Scott Visner Acquires Development Site In Los Angeles From Harry & Sheldon Schenk For $4.35M

The property asset involved in the transaction is a development site located at 110 South Kings Road in the Los Angeles market. The sale transpired at a price of $4,350,000, with a building size of 35,000 gross square feet. The price per gross square foot is $124, while the property comprises a total square footage of 5,500, equating to a price per square foot of $790.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,350,000
• Building Size: 35,000 BSF
• Price per Building Square Foot: $124
• Square Footage: 5,500 SF
• Price per Square Foot: $790
• Buyer: Scott Visner
• Seller: Harry & Sheldon Schenk
• Brokers: Michael Monempour - Lyon Stahl Investment Real Estate
• Brokers: David Saghian - Kidder Mathews

The deal was facilitated by brokers Michael Monempour and David Saghian, representing Lyon Stahl Investment Real Estate and Kidder Mathews, respectively. These individuals played significant roles in bringing the buyer and seller together for this transaction, ensuring a smooth process for the involved parties.