Metric Holdings Acquires Development Site In Reseda For $8M | 6648-6670 Reseda Boulevard | Elizabeth Clark, Jay Martinez | Development Site | Sale

Summary

Sale

CALIFORNIA

Development Site

5,160 sqft

A development site located at 6648-6670 Reseda Blvd in Reseda has been sold for $8,000,000. The transaction took place on January 9, 2020. The property has a buildable square footage (BSF) of 59,723, with a price per buildable square footage (PPBSF) of $133.95. The site comprises 205 units, which translates to a price per unit (PPU) of $39,024.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $8,000,000
Buildable Square Footage (BSF): 59,723
Price per Buildable Square Footage (PPBSF): $133.95
Units: 205
Price per Unit (PPU): $39,024

The buyer of the property was Metric Holdings, while the seller was 6648 Reseda, LLC. The transaction was facilitated by two brokers, Jay Martinez from Hudson Partners Inc and Elizabeth Clark from Compass Commercial.

Players

All
4

Agents
2
Agencies
2

Elizabeth Clark

Senior Vice President

$168.6M Sold

Jay Martinez

Investment Sales Broker

$114.9M Sold

Douglas Elliman

Kidder Mathews

Details

Deal Summary

SOLD

IMAGE: Jay Martinez @jaymartinezhudson & Elizabeth Clark @lalaclark4 DATE: 01/09/2020 ADDRESS: 6648-6670 Reseda Blvd MARKET: Reseda ASSET TYPE: Development Site PRICE: $8,000,000 BSF: 59,723 PPBSF: $133.95.95 UNITS: 205 PPU: $39,024 BUYER: Metric Holdings SELLER: 6648 Reseda, LLC BROKERS: Jay Martinez - Hudson Partners Inc, Elizabeth Clark - Compass Commercial

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Address6648-6670 Reseda Boulevard

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