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5340 Alla Road
SOLD

Westside Neighborhood School Acquires Office In Los Angeles For $50.3M

5340 Alla Road

Office
131,942 SF
clock iconSold 46 days ago
David Kimball
Samuel (Sam) Devorris
Rob Hannan
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Summary

Sale
CALIFORNIA
Office
131,942 sqft

The office property located at 5340 Alla Road in Los Angeles was sold for $50,300,000. The asset spans 131,942 square feet, resulting in a price per square foot of $381. The transaction took place on 05/24/2024, with the buyer being Westside Neighborhood School and the seller being LaSalle Investment Management. David Kimball & Sam Devorris from NAI Capital represented the buyer, while the seller was represented by Kevin Shannon, Laura Stumm, Ken White, Michael Moll, and Rob Hannan from Newmark.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $50,300,000
  • Address: 5340 Alla Road
  • Market: Los Angeles
  • Square Footage: 131,942
  • Price Per Square Foot: $381
  • Buyer: Westside Neighborhood School
  • Seller: LaSalle Investment Management
  • Buyer's Rep: David Kimball & Sam Devorris - NAI Capital
  • Seller's Rep: Kevin Shannon, Laura Stumm, Ken White, Michael Moll & Rob Hannan - Newmark

The involvement of key individuals in this transaction includes David Kimball and Sam Devorris from NAI Capital, representing the buyer, Westside Neighborhood School. On the seller's side, Kevin Shannon, Laura Stumm, Ken White, Michael Moll, and Rob Hannan from Newmark played essential roles in facilitating the sale of the office property. This significant deal demonstrates the collaboration of multiple professionals to successfully close a substantial real estate transaction in the Los Angeles market.

Players

  • All

    10

  • Agents

    7

  • Agencies

    3

David Kimball's profile picture
David Kimball
MB Real Estate-image
Vice President
$52.3M Sold
Samuel (Sam) Devorris's profile picture
Michael (Mike) Moll's profile picture

Details

Deal Summary
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SOLD
IMAGE: Kevin Shannon, Laura Stumm, Ken White, Michael Moll, Rob Hannan, David Kimball & Sam Devorris DATE: 05/24/2024 ADDRESS: 5340 Alla Road MARKET: Los Angeles ASSET TYPE: Office BUYER: Westside Neighborhood School SELLER: LaSalle Investment Management BUYER'S REP: David Kimball & Sam Devorris - NAI Capital (@NAICapital) SELLER'S REP: Kevin Shannon, Laura Stumm, Ken White, Michael Moll & Rob Hannan - Newmark (@Newmark) SALE PRICE: $50,300,000 SF: 131,942 ~ PPSF: $381

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Address5340 Alla Road

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