Silver Creek Development Acquires Mixed-Use Property In Venice For $51.75M

The mixed-use property located at 606-654 Venice Blvd in Venice has been sold in a recent transaction. The sale was recorded on September 6, 2019, and the property was purchased by Silver Creek Development from the seller, Swepston Property, LLC. The transaction was facilitated by brokers Andrew Jennison from Industry Partners and Drew Meyers from WEA.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $51,750,000
• Address: 606-654 Venice Blvd, Venice
• Market: Venice
• Square Footage: 108,900
• Price per Square Foot: $475.21

The deal involved key individuals such as Andrew Jennison from Industry Partners and Drew Meyers from WEA who represented the buyer and seller respectively. The property transaction emphasized the growing development activity in the Venice market.