The property asset involved in this transaction is a mixed-use building located at 70 North Venice Boulevard in the Venice market. The sale price was $2,500,000, with a total square footage of 2,232, which calculates to a price per square foot of $1,120.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,500,000
• Address: 70 North Venice Boulevard
• Market: Venice
• Square Footage: 2,232
• Price per Square Foot: $1,120
• Buyer: Simone Scharff
• Seller: Kenneth Fraser
• Buyer's Representative: Arthur Peter & Rafael Padilla - PAR Commercial Brokerage
• Seller's Representative: T.C. Macker & Woody Cook - WESTMAC Commercial Brokerage Company

The key individuals involved in the deal include the buyer, Simone Scharff, who acquired the property from seller Kenneth Fraser. Representation for the buyer was provided by Arthur Peter and Rafael Padilla from PAR Commercial Brokerage, while the seller was represented by T.C. Macker and Woody Cook from WESTMAC Commercial Brokerage Company.