Boardwalk Property Development, LLC Acquires Industrial Property In Playa Vista/Culver City For $8M

The industrial property located at 11847, 11855, and 11861 Teale St in Playa Vista/Culver City has been sold for a total price of $8,000,000. The property spans across 12,321 square feet, resulting in a price per square foot of $649.30.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,000,000
• Address: 11847, 11855, 11861 Teale St
• Market: Playa Vista/Culver City

Boardwalk Property Development, LLC acted as the buyer in this transaction, while PV Triangle Properties, LLC served as the seller. Representing the buyer were brokers John Lally, Ryan Serling, and Martin Agnew from Marcus & Millichap, along with Monica Trepany from Playa Vista Realty. Mollie Dietsch from Lee & Associates, Commerce represented the buyer.

It is worth noting that the property was listed by both Marcus & Millichap and Playa Realty, with Lee & Associates, Commerce involved in representing the buyer, Boardwalk Property Development, LLC.