SOLD
Brookfield Residential Acquires Development Site In Arcadia For $58.5M
4241 Live Oak Avenue
Development Site
524,898 SF
524,898 SF
Sold 257 days ago
Summary
Sale
CALIFORNIA
Development Site
524,898 sqft
A development site located at 4241 Live Oak Avenue in Arcadia has been sold for a total price of $58,500,000. The property spans 524,898 square feet with a price per square foot of $111. It consists of 277 units, with a price per unit of $211,191. The site covers an area of 12 acres, resulting in a price per acre of $4,875,000.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $58,500,000
- Square Footage: 524,898
- Price per Square Foot: $111
- Number of Units: 277
- Price per Unit: $211,191
- Total Acres: 12
- Price per Acre: $4,875,000
The buyer of the property is Brookfield Residential, and the seller is Prime Enterprises, represented by Alethea Hsu. Tom Nguyen from EXP Commercial served as the seller's representative in this deal.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Tom Nguyen
DATE: 05/31/2023
ADDRESS: 4241 Live Oak Avenue
MARKET: Arcadia
ASSET TYPE: Development Site
BUYER: Brookfield Residential
SELLER: Prime Enterprises - Alethea Hsu
SELLER'S REP: Tom Nguyen (@Tomatlaw88) - EXP Commercial (@EXP.Commercial)
SALE PRICE: $58,500,000
SF: 524,898 ~ PPSF: $111
UNITS: 277 ~ PPU: $211,191
ACRES: 12 ~ PPA: $4,875,000View on map
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Address4241 Live Oak Avenue
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