HQ Development, LLC Acquires 28,512 SF Office Building In West Hollywood For $33M

A vacant 28,512-square-foot office building located at 825 North San Vicente Boulevard in West Hollywood has been sold for $33 million. The buyer, HQ Development, LLC, acquired the property from the seller, Hilldale Property Owner, LLC. The office building's prime location near major companies and amenities adds to its appeal in the challenging Los Angeles office market.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $33,000,000
• Address: 825 North San Vicente Boulevard
• Market: West Hollywood
• Square Footage: 28,512
• Price per Square Foot: $1,157
• Buyer: HQ Development, LLC
• Seller: Hilldale Property Owner, LLC

HQ Development, LLC emerged as the successful buyer in this transaction. With their expertise in the real estate market, they recognized the potential of the vacant office building in West Hollywood. Hilldale Property Owner, LLC, represented by their broker during the deal, made the decision to sell the property. This sale highlights the demand for office spaces in Los Angeles despite the challenging market conditions.