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Lendlease Acquires Mixed-Use Property In West Adams For $92M

Property Image
SOLD
$92,000,000

California

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Mixed-use229,869 SF
Sold 01/24/2022
the dealdetailscomps
Property Image
SOLD

Lendlease Acquires Mixed-Use Property In West Adams For $92M

3401 La Cienega Boulevard, Los Angeles, California 90016, United States

See Similar Deals
Mixed-use229,869 SF
Sold 01/24/2022

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$400
Total Square Footage:229,869 SF
Transaction Type:Sale

The mixed-use property located at 3401 South La Cienega Blvd. in West Adams has been sold for a total of $92,000,000. The transaction took place on January 24, 2022. The property spans across 3.5 acres and consists of 260 units with a total square footage of 229,869. The price per unit is estimated to be $353,846, while the price per square foot is $400.

Summary of transaction details:

  • Property Type: Mixed-use
  • Sale Price: $92,000,000
  • Units: 260
  • Price per Unit: $353,846
  • Square Footage: 229,869
  • Price per Square Foot: $400
  • Address: 3401 South La Cienega Blvd., West Adams
  • Market: West Adams

The buyer in this transaction is Lendlease, represented by Tony Lombardo. This sale represents a significant investment in the West Adams market, highlighting the demand for mixed-use properties in the area.

Players

BUYER

Details

SOLD
IMAGE: Tony Lombardo DATE: 01/24/2022 ADDRESS: 3401 South La Cienega Blvd. MARKET: West Adams ASSET TYPE: Mixed-use ~ ACRES: 3.5 BUYER: Lendlease - Tony Lombardo SALE PRICE: $92,000,000 UNITS: 260 ~ PPU: $353,846 SF: 229,869 ~ PPSF: $400

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