Simon Parsakar Acquires Industrial Property On South Grand Avenue In Los Angeles For $21M

The industrial property located at 3333 South Grand Avenue in Los Angeles has been sold in a transaction valued at $21,000,000. With a total area of 102,150 square feet, the property was sold at an approximate price per square foot of $206. The sale of this industrial asset took place on March 31, 2023, and involved the following parties:

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $21,000,000
• Address: 3333 South Grand Avenue, Los Angeles
• Market: Los Angeles

The buyer of the property was Simon Parsakar while the seller was the Breton Family. The transaction was facilitated by a team of brokers from two different agencies. Kevin Donner, Benjamin (Ben) Lushing, and Dillon Bergum from Newmark, and Jeff Chiate and Mike Adey from Cushman & Wakefield represented the parties involved in the deal.