BLT Enterprises Acquires Hollywood Office Building For $20M

6151 Santa Monica Boulevard, Central LA, Los Angeles, CA, USA

$20,030,000

$1,112/SF

Building Size

18,000 SF

Asset Type

Office

Closing

Apr 12, 2020

AI

BLT Enterprises, led by Bernard Huberman, has acquired an office asset in Hollywood for a price of $20,030,000. The property, located at 6151 Santa Monica Boulevard and 5735 Melrose Ave, spans approximately 18,000 square feet. This transaction was facilitated by brokers Paul Brehme, Brad McCoy, and David Wilson from Lee & Associates, as well as Adam Hall from TOLD Partners Inc. The seller of the property includes Lakatosh Family Trust, Route 66 Properties LLC, and Shook Kelley Inc. The sale price reflects a price per square foot of $1,111.

Summary of transaction details

Property Type: Office
Transaction Amount: $20,030,000
Address: 6151 Santa Monica Boulevard, 5735 Melrose Ave
Market: Hollywood
Buyer: BLT Enterprises - Bernard Huberman
Seller: Lakatosh Family Trust, Route 66 Properties LLC, Shook Kelley Inc
Brokers: Paul Brehme, Brad McCoy & David Wilson - Lee & Associates, Adam Hall - TOLD Partners Inc
Square Footage: 18,000
Price per Square Foot: $1,111

This acquisition represents BLT Enterprises' strategic move to expand its office portfolio in the Hollywood market. The involvement of renowned brokers Paul Brehme, Brad McCoy, David Wilson, and Adam Hall further highlights the industry expertise behind this deal.

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