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SB SPV LLC Sells Mixed-Use Property On West Sunset Blvd In West Hollywood For $8M With Broker Representation By South Park Group Inc And Avison Young

Property Image
SOLD
$8,000,000
Steve Ravan
David Maling
Christopher (Chris) Maling

California

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Mixed-use12,085 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

SB SPV LLC Sells Mixed-Use Property On West Sunset Blvd In West Hollywood For $8M With Broker Representation By South Park Group Inc And Avison Young

7611 W Sunset Blvd, West Hollywood, CA, USA

See Similar Deals
Mixed-use12,085 SF
Sold
Steve Ravan
David Maling
Christopher (Chris) Maling
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$662
Total Square Footage:12085 SF
Transaction Type:Sale

A mixed-use property located at 7611-7623 West Sunset Blvd in West Hollywood has been sold for $8,000,000. The property spans a total of 12,085 square feet, resulting in a price per square foot of $661. The transaction took place on August 9, 2019.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $8,000,000
  • Square Footage: 12,085
  • Price per Square Foot: $661
  • Market: West Hollywood

The seller of the property was SB SPV LLC. The deal was facilitated by Steve Ravan from South Park Group Inc and David Maling & Chris Maling from Avison Young. The buyer was able to satisfy their 1031 Exchange requirement and closed the transaction with an all-cash payment within 30 days from the Opening of Escrow.

Players

David Maling
Avison Young
David Maling
12 deals$98.6M volume
BROKER
Christopher (Chris) Maling
Avison Young
Christopher Maling
10 deals$79M volume
BROKER
Steve Ravan
South Park Group
Steve Ravan
16 deals$80.6M volume
BROKER

Details

SOLD
IMAGE: Steve Ravan @steveravan, David Maling & Chris Maling @southparkgroup DATE: 08/09/2019 ADDRESS: 7611-7623 West Sunset Blvd MARKET: West Hollywood ASSET TYPE: Mixed-Use SELLER: SB SPV LLC BROKERS: Steve Ravan - South Park Group Inc, David Maling & Chris Maling - Avison Young PRICE: $8,000,000 SF: 12,085 ~ PPSF: $661 NOTES: Buyer satisfied their 1031 Exchange and closed All Cash with 30 days from the Opening of Escrow.

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