DLJ Real Estate Capital Partners Acquires Property At 810 Traction Ave For $20M With John Hillman As Seller's Rep

The property asset involved in this transaction is located at 810 Traction Ave, Los Angeles, CA. It recently sold for $20,000,000.00, equating to approximately $305 per square foot. The total square footage of the combined properties is 65,500 SF, which includes the two-story industrial building adjacent to the main property. The buildings provide a total of 15 units and are situated in the Los Angeles market.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $20,000,000.00
• Address: 810 Traction Ave, Los Angeles, CA
• Square Footage: 65,500 SF
• Buyer: DLJ Real Estate Capital Partners
• Seller: Rollins & Rollins
• Seller's Representative: John Hillman (CBRE)
• Additional Representative: Greg Stanton (CBRE)

The key individuals involved in this transaction include John Hillman, who represented Rollins & Rollins, and Greg Stanton, who assisted on the deal, both from CBRE. The transaction involved properties that were originally bought by Rollins & Rollins nearly 40 years ago. DLJ Real Estate Capital Partners acquired both the John Parkinson-designed building at 800 Traction Ave., which has historical significance, and the neighboring building at 810 Traction Ave.