Meta Housing Acquires Development Site In North Hills For $14M

8811 Sepulveda Blvd in North Hills has been sold for $14,000,000. This development site spans a total of 423,111 square feet, resulting in a price per square foot of $33. The property was purchased by Meta Housing from MDB & RDB Family Properties.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $14,000,000
• Address: 8811 Sepulveda Blvd
• Market: North Hills
• Seller: MDB & RDB Family Properties
• Buyer: Meta Housing

The deal was facilitated by several brokers. Frank Evanisko represented the seller, Evanisko Realty, while Mike Maniscalchi represented the buyer through Systems Real Estate. Lonnie McDermott of Marcus & Millichap also played a role in the transaction.

This transaction marks a significant development in the North Hills market, showcasing the demand for development sites in the area. Meta Housing's purchase of 8811 Sepulveda Blvd highlights their commitment to expanding their portfolio and investing in strategic locations.