The property asset involved in this transaction is an industrial asset located at 8690 Hayden Place in Culver City. The sale price was $5,500,000, and the property spans 12,228 square feet, resulting in a price per square foot of $449.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,500,000
• Address: 8690 Hayden Place
• Market: Culver City
• Square Footage: 12,228 SF
• Price Per Square Foot: $449
• Buyer: Mark Omid Bolour, Kevyn Irizarry & DaJuan Bennett - Bolour Associates; Michael Alscher - Crescent Capital Partners
• Broker: Scott Rigsby - Industry Partners

The key individuals involved in this transaction include Scott Rigsby, who represented the seller, and the buyers from Bolour Associates and Crescent Capital Partners. Notably, Bolour intends to undertake a multi-million-dollar renovation to transform the property into a modern creative flex environment catering to content, design, and production-focused tenants. This acquisition is part of Bolour's broader strategy to enhance their portfolio in the Hayden Tract area.