Greystar Sells Access Culver City Mixed-Use Property For $106 Million With Newmark As The Broker

The property involved in this transaction is a mixed-use asset located at 8770 Washington Boulevard in Culver City, California. It comprises 115 apartment units and features 30,908 square feet of fully leased ground-floor retail space. The transaction was completed for a total value of $106 million, making it a notable sale in the local market.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $106,000,000
• Units: 115
• Price Per Unit: $921,739
• Seller: Bob Faith - Greystar
• Broker: Newmark

Bob Faith represented Greystar in the sale of Access Culver City, marking a significant transaction as it represents the largest multifamily sale in Culver City's history. Newmark acted as the brokerage firm representing the seller in this deal.