3D Investments Acquires Office Building In West Hollywood For $36M

An Archway Holdings and 3D Investments JV purchased an 79,000 square foot Class-A office building located at 10390 Santa Monica Blvd in West LA for $36,000,000. The seller, Kennedy Wilson, recently completed capital improvements on the property, including upgrades to the common area, restrooms, and elevators. The building, which is four stories tall, is currently 84% occupied with a variety of tenants, such as Alcon Entertainment, Baby First TV, The Playground, The French Consulate, Alliance Francaise de Los Angeles, and several doctors.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $36,000,000.00
• Address: 10390 Santa Monica Blvd, Los Angeles
• Market: West Hollywood
• Buyer: 3D Investments
• Buyer's Rep: Steven Yazdani(Nova Capital)
• Seller: Kennedy Wilson
• Square Footage: 79,000

Lucent Capital's Adam Emrani and Steven Yazdani, along with LA Realty Partners' Gary Weiss and Tony Price, represented Archway Holdings and 3D Investments in the transaction. Additionally, LA Realty Partners served as the representatives for the seller, Kennedy Wilson.