Newmark Arranges $14.5M Sale Of 1.2-Acre Development Site At 11900 Santa Monica Boulevard

A 1.2-acre development site located at 11900 Santa Monica Boulevard in West Los Angeles was sold for $14,500,000, equating to approximately $277 per square foot. This property is situated in the Los Angeles market, representing a significant transaction within the development sector.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $14,500,000
• Address: 11900 Santa Monica Boulevard
• Market: Los Angeles
• Acres: 1.2
• Brokers: David Ghermezian, Chris Benton, Anthony Muhlstein, Gabe Munson, and Jonathan Dadourian - Newmark
• Buyer: Undisclosed

The transaction was orchestrated by Newmark, with the team of brokers providing representation throughout the process. The involvement of David Ghermezian, Chris Benton, Anthony Muhlstein, Gabe Munson, and Jonathan Dadourian showcases a collaborative effort in securing the sale of this development site.