Mark Burns And Phil Rosecu Acquire Office Property In Manhattan Beach For $2.9M

The property involved in this transaction is an office asset located at 3520 Highland Avenue in the Manhattan Beach market. It was sold for a price of $2,900,000, encompassing a total of 1,344 square feet. The property features three distinct units, with a price per unit of $966,666 and a price per square foot of $2,157.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $2,900,000
• Units: 3
• Price Per Unit: $966,666
• Square Feet: 1,344
• Price Per Square Foot: $2,157
• Buyer: Mark Burns & Phil Rosecu
• Seller: Erol Hassan
• Buyer's Representative: Sam Mandelbaum - Mandelbaum & Associates
• Seller's Representatives: Christopher Bald & Cameron Samimi - Lyon Stahl Investment Real Estate

Key individuals involved in this deal include the buyers, Mark Burns and Phil Rosecu, who acquired the property. The seller of the asset is Erol Hassan, represented in the transaction by Christopher Bald and Cameron Samimi, both of Lyon Stahl Investment Real Estate. The buyer's interests were represented by Sam Mandelbaum from Mandelbaum & Associates.