The sale concerns a land asset in Los Angeles located at 5877 and 5875 Obama Boulevard. The property comprises 95,810 square feet of contiguous land offered for $25,250,000, equating to approximately $264 per square foot in the Los Angeles market.

Summary of transation details:

• Property Type: LAND
• Transaction Amount: $25,250,000
• Address: 5877 & 5875 Obama Boulevard
• Market: Los Angeles
• Size: 95,810 SF
• PPSF: $264
• On-site structures: 17,751 SF converted bow-truss building and 10,000 SF shed
• Delivery at close: Vacant
• Seller's Representatives: Keith Fielding - Lee & Associates; Tibor Lody - Lee & Associates; Aleks Trifunovic - Lee & Associates; Tommy Isola - Lee & Associates; Adam Levine - Lee & Associates

The deal was represented on the seller side by a Lee & Associates team comprising Keith Fielding, Tibor Lody, Aleks Trifunovic, Tommy Isola and Adam Levine, highlighting their roles in managing the transaction in the Los Angeles market.