Onni Group Acquires Mixed-Use Property In Hollywood For $40M

A mixed-use property located at 7000 Romaine Street and 948 Sycamore Avenue in Hollywood has been sold for a total of $40,000,000. The property spans 66,900 square feet, resulting in a price per square foot of $597. The transaction took place on December 29, 2021. The buyer in this deal is Innocenzo De Cotiis, represented by the @OnniGroup. The seller is David Bass, and the transaction was facilitated by Cushman & Wakefield.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $40,000,000
• Address: 7000 Romaine Street & 948 Sycamore Avenue, Hollywood
• Square Footage: 66,900
• Price per Square Foot: $597
• Date: December 29, 2021
• Buyer: Innocenzo De Cotiis - @OnniGroup
• Seller: David Bass
• Broker: Cushman & Wakefield

Innocenzo De Cotiis, represented by the @OnniGroup, made the purchase of the mixed-use property at 7000 Romaine Street and 948 Sycamore Avenue. The transaction was facilitated by the brokerage firm, Cushman & Wakefield. David Bass was the seller in this deal. With a total transaction amount of $40,000,000 and a price per square foot of $597, this deal represents a significant investment in the Hollywood market.