City Of Los Angeles Acquires Industrial Property In Downtown Los Angeles For $10.25M

The City of Los Angeles has acquired a industrial property located at 1910 E. Washington Blvd in Downtown Los Angeles. This transaction took place on 04/01/2019 and the property was sold by Anaheim Assoc Exchange for a price of $10,250,000. The property spans an area of 83,285 square feet, resulting in a price per square foot of $123.07. The buyer, City of Los Angeles, intends to expand the nearby public transportation bus yard. Nicholas Phillips and Michael Matter represented both the seller and the buyer in this transaction.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $10,250,000
• Address: 1910 E. Washington Blvd
• Market: Downtown Los Angeles
• Square Footage: 83,285
• Price per Square Foot: $123.07
• Buyer: City of Los Angeles
• Seller: Anaheim Assoc Exchange
• Brokers: Nicholas Phillips, Michael Matter

Nicholas Phillips and Michael Matter represented both the seller, Anaheim Assoc Exchange, and the buyer, City of Los Angeles, in this transaction. This purchase was made with the purpose of expanding the public transportation bus yard in the neighborhood.