California Community Foundation Acquires Office Building In Downtown Los Angeles For $15.4M

Located at 717 West Temple St. in Downtown Los Angeles, this office property was recently sold in a transaction that closed on January 27, 2021. The property, spanning 54,657 square feet, was purchased by the California Community Foundation from the seller First City Credit Union for a total price of $15,400,000. With a price per square foot of $281, this transaction highlights the value of office assets in the Downtown Los Angeles market.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $15,400,000
• Square Footage: 54,657
• Price per Square Foot: $281
• Buyer: California Community Foundation
• Seller: First City Credit Union

This notable deal was facilitated by James Miller and Antonia Hernández, representing the buyer and seller respectively. Their expertise in the market played a crucial role in the successful completion of this transaction.