A development site in West Hollywood has been sold for $22,500,000. The property, located at 8500 Santa Monica Blvd; 951-971 N. La Cienega Blvd, is a valuable asset for future development. With a total of 30,146 square feet of building space, the price per square foot is $746. This transaction took place on March 16, 2020.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $22,500,000
• Building Square Footage: 30,146
• Price Per Square Foot: $746
• Market: West Hollywood

The deal was facilitated by a team of brokers including Alex Kozakov, Patrick Wade, Matthew Greenberg, Alexis Abad, and Jake Hayutin from Kozwade Retail, as well as Chris Tresp from CBRE. Their expertise and negotiation skills played a crucial role in the successful completion of this transaction.