4S Bay Partners Acquires Development Site In South Los Angeles For $35M

A development site located at 3731-3761 Stocker in South Los Angeles has been sold for $35,000,000. The property spans approximately 214,000 square feet, with a price per buildable square foot (PPBSF) of $163.55.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $35,000,000
• Address: 3731-3761 Stocker, South Los Angeles
• Market: South Los Angeles
• Buyer: 4S Bay Partners
• Seller: David J. Shophet – Sharp Capital & David M. Shaaya – One Cole Group
• Brokers: James Daughrity @DaughrityRealEstate, Laurie Lustig-Bower, and Kamran Paydar

The buyers of the property were 4S Bay Partners, while the sellers were David J. Shophet of Sharp Capital and David M. Shaaya of One Cole Group. The transaction was facilitated by brokers James Daughrity, Laurie Lustig-Bower, and Kamran Paydar.