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McG John Mayer Steve Elson And Brad Pennington Acquire Mixed-Use Asset For $44M In Los Angeles

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SOLD
$44,000,000

California

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Mixed-use90,000 SF
Sold 12/19/2024
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SOLD

McG John Mayer Steve Elson And Brad Pennington Acquire Mixed-Use Asset For $44M In Los Angeles

1416 North La Brea Avenue

See Similar Deals
Mixed-use90,000 SF
Sold 12/19/2024
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$488
Total Square Footage:90,000 SF
Transaction Type:Sale

The asset involved in this transaction is a mixed-use property located at 1416 North La Brea Avenue in Los Angeles. The sale was finalized for $44,000,000, comprising a total area of 90,000 square feet, resulting in a price per square foot of $488.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $44,000,000
  • Address: 1416 North La Brea Avenue
  • Market: Los Angeles
  • Square Footage: 90,000
  • Price per Square Foot: $488
  • Buyer: McG; John Mayer; Steve Elson & Brad Pennington - Alta West Partners
  • Seller: Jim Henson Company
  • Brokers: Bryan Carnes & Robert D. Erickson - Industry Partners

Key individuals in this transaction include McG, John Mayer, Steve Elson, and Brad Pennington, who collectively represent Alta West Partners as the buyers. The seller of the property is the Jim Henson Company, with Bryan Carnes and Robert D. Erickson from Industry Partners acting as the representatives for the transaction.

Players

Robert D. Erickson
3 deals$61.5M volume(310) 709-9016
BROKER

Bryan Carnes
Industry Partners
4 deals$122.5M volume
BROKER

Details

SOLD
IMAGE: McG, John Mayer, Steve Elson, Brad Pennington, Bryan Carnes, Robert Erickson DATE: 12/19/2024 ADDRESS: 1416 North La Brea Avenue MARKET: Los Angeles ASSET TYPE: Mixed-use BUYER: McG; John Mayer; Steve Elson & Brad Pennington - Alta West Partners SELLER: Jim Henson Company BROKERS: Bryan Carnes & Robert D. Erickson - Industry Partners (@IndustryPartners) SALE PRICE: $44,000,000 SF: 90,000 ~ PPSF: $488

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