Triangle Ventures Purchases Medical Office In West Hollywood From Robert Herscu For $31M

A medical office building located at 825 North San Vicente Boulevard in West Hollywood has been sold for $31,000,000. The property encompasses approximately 27,000 square feet, resulting in a price per square foot of $1,148.

Summary of transation details:

• Property Type: Medical Office
• Transaction Amount: $31,000,000
• Buyer: Triangle Ventures
• Seller: Robert Herscu - HQ Development
• Square Footage: 27,000
• Price per Square Foot: $1,148
• Location: 825 North San Vicente Boulevard, West Hollywood
• Loan Amount: $32.25 million

The transaction marks a significant gain for seller Robert Herscu, who had previously acquired the property for $19 million in 2023, achieving a 63% return on his investment. Triangle Ventures secured financing likely intended for property improvements, indicating the continuing demand for strategically located medical office space in Los Angeles.