An off-market partial interest sale of a development site located at 8481-8495 W. Sunset Boulevard in West Hollywood has been completed. The property was sold for $15,000,000. The sale included the partial interest of the Cari Hoyt Revocable Trust and Clay Eric Swidler Revocable Trust. The transaction was facilitated by Elizabeth Clark from Elizabeth Clark & Chris Chasin and Chris Chasin representing the sellers. The property has a building size of 86,249 square feet, resulting in a price per square foot of $173. The sale was an all-cash deal, with a 40-day closing period.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $15,000,000
• Address: 8481-8495 W. Sunset Boulevard, West Hollywood
• Market: West Hollywood
• Seller: Cari Hoyt Revocable Trust & Clay Eric Swidler Revocable Trust
• Brokers: Elizabeth Clark - Elizabeth Clark & Chris Chasin, Chris Chasin - Elizabeth Clark & Chris Chasin
• Building Size (BSF): 86,249 square feet
• Price per Square Foot (PPSF): $173

This transaction involved a partial interest sale of a development site in West Hollywood. Elizabeth Clark and Chris Chasin, from Elizabeth Clark & Chris Chasin, represented the sellers in this off-market deal. The sale price was $15,000,000, with a price per square foot of $173. The transaction was completed in a 40-day all-cash closing period.