Stefan Ashkenazy Of Petit Ermitage Acquires Mixed-use Properties From Timan Khoubian For $30.7M
California
See Similar DealsStefan Ashkenazy Of Petit Ermitage Acquires Mixed-use Properties From Timan Khoubian For $30.7M
701 Ocean Front Walk
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The mixed-use property located at 619 and 701 Ocean Front Walk in Venice was sold for $30,700,000. This asset encompasses a total of 45,000 square feet and is comprised of 10 live-work lofts along with retail space. The transaction was supported by a $27 million loan from BrightSpire Capital.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $30,700,000
- Buyer: Stefan Ashkenazy - Petit Ermitage
- Seller: Timan Khoubian - DLJ Real Estate Capital Partners
- Lender: BrightSpire Capital
- Price Per Square Foot: $682
Stefan Ashkenazy is associated with the Petit Ermitage hotel in West Hollywood. Timan Khoubian represented DLJ Real Estate Capital Partners in this transaction, which involved the sale of former Snapchat hub buildings.
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