Steve Ravan & David Ravanshenas Of South Park Group Represent Buyer In $11M Development Site Sale In Los Angeles

The property asset involved in this transaction is a development site located at 8001-8015 Beverly Boulevard in the Los Angeles market. The sale price for this asset was $11,000,000, featuring a total square footage of 11,458, which breaks down to a price per square foot of $960. The building site has a breadth of 69,603 square feet, resulting in a price per buildable square foot of $158.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,000,000
• Square Footage: 11,458
• Price per Square Foot: $960
• Buildable Square Footage: 69,603
• Price per Buildable Square Foot: $158
• Buyer's Representative: Steve Ravan & David Ravanshenas - South Park Group
• Seller's Representative: Lauren Aboulafia & Seth Grossman - Conroy Commercial

The transaction was brokered by experienced representatives from both sides, with Steve Ravan and David Ravanshenas representing the buyer through South Park Group, while the seller was represented by Lauren Aboulafia and Seth Grossman from Conroy Commercial. This collaboration facilitated the completion of the development site sale.