LaTerra Development Acquires Development Site In Marina Del Rey For $37M

A development site located at 4112 Del Rey Ave in Marina Del Rey has been sold for a price of $37,000,000. The property has a buildable square footage of 200,000, translating to a price per buildable square footage of $185. The transaction took place on 06/14/2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $37,000,000
• Address: 4112 Del Rey Ave
• Market: Marina Del Rey
• Buyer: LaTerra Development - Chris Tourtellotte
• Broker: Steven Brombal
• Buildable Square Footage: 200,000
• Price Per Buildable Square Footage: $185

The buyer in this transaction was LaTerra Development represented by Chris Tourtellotte. The broker involved in the deal was Steven Brombal.

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