An industrial building located at 8690 Hayden Place in Culver City was sold for $5,500,000. The property spans 12,000 square feet, resulting in a price per square foot of $458. The buyers are planning a multimillion-dollar renovation to expand the space to 14,000 square feet for content, design, and production tenants.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,500,000
• Square Footage: 12,000
• Address: 8690 Hayden Place
• Market: Culver City
• Price Per Square Foot: $458
• Buyers: Mark Omid Bolour - Bolour Associates, Michael Alscher - Crescent Capital Partners
• Broker: Scott Rigsby - Industry Partners

The transaction involved Mark Omid Bolour from Bolour Associates and Michael Alscher from Crescent Capital Partners as buyers, while Scott Rigsby of Industry Partners represented the seller in the deal.