Chabad Organization Acquires Development Site On W Pico Blvd In Los Angeles For $11.5M

The Chabad Organization, represented by Yossi Mayberg, has purchased a development site located at 5006-5028 W Pico Blvd in Los Angeles. The seller of the property was the Botach Family Trust. The transaction was facilitated by Neema Ahadian from Marcus & Millichap. The sale price for this development site was $11,500,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,500,000
• Address: 5006-5028 W Pico Blvd, Los Angeles
• Market: Los Angeles

The Chabad Organization, led by Yossi Mayberg, made this strategic purchase from the Botach Family Trust. Neema Ahadian from Marcus & Millichap represented the buyer in this transaction. This sale of the development site at 5006-5028 W Pico Blvd signifies a significant investment opportunity in the Los Angeles market.