Selleck Development Group Acquires Mixed-Use Property In Westlake Village For $11M

The mixed-use property located at 31248 Oak Crest Drive in Los Angeles has been sold for $11,000,000. With a total square footage of 53,654, the property was priced at $205 per square foot. This transaction took place in Westlake Village, a bustling market in Los Angeles.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $11,000,000
• Address: 31248 Oak Crest Drive, Los Angeles
• Market: Westlake Village
• Square Footage: 53,654
• Price Per Square Foot: $205

The seller of this property was Larry Remington, representing the preppy shoemaker K-Swiss. It was previously the headquarters of K-Swiss until they relocated to Downtown Los Angeles in 2016. The buyer in this transaction was Selleck Development Group.

Note: According to Footwear News, K-Swiss announced its relocation along with its sister companies Palladium, Supra, and Otz Shoes.