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3932 Blue Canyon Drive
SOLD

BP Hotel Group LLC Acquires Development Site In Encino For $5.5M

3932 Blue Canyon Drive

Development Site
25,700 SF
clock iconSold 1 year ago
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Summary

Sale
CALIFORNIA
Development Site
25,700 sqft

The development site located at 3932 Blue Canyon Drive in Encino has been sold. The property, which spans 25,700 square feet, was sold for a price of $5,500,000. The buyer, BP Hotel Group LLC, plans to reposition the property into a boutique hotel for future redevelopment.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $5,500,000
  • Address: 3932 Blue Canyon Drive, Encino
  • Market: Encino
  • Asset Type: Development Site

Kelly Betpolice, representing BP Hotel Group LLC, brokered the deal. The seller, Maple Func LLC, agreed to the transaction, which involved a total of 26 units. The price per unit was approximately $211,538, while the price per square foot was $214.01.

Players

  • All

    2

  • Agents

    1

  • Agencies

    1

Kelly Betpolice's profile picture
Kelly Betpolice
Kidder Mathews-image
Managing Principal
$83.7M Sold

Details

Deal Summary
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SOLD
IMAGE: Kelly Betpolice DATE: 04/07/2020 ADDRESS: 3932 Blue Canyon Drive MARKET: Encino ASSET TYPE: Development Site BUYER: BP Hotel Group LLC SELLER: Maple Func LLC BROKER: Kelly Betpolice PRICE: $5,500,000 BSF: 25,700 ~ PPBSF: $214.01.01 UNITS: 26 PPU: $211,538 NOTES: The buyer will reposition the property to a boutique hotel as a future redevelopment.

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Address3932 Blue Canyon Drive

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