Commercial Asset Group Acquires Office Building In Beverly Hills For $6.5M

The office property located at 8913 West Olympic Boulevard in Beverly Hills has been sold. The property spans over 6,088 square feet and was sold for a price of $6,525,000, which is equivalent to $1,072 per square foot. The asking price for the property was $5,400,000. The transaction took place on April 20, 2023.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $6,525,000
• Address: 8913 West Olympic Boulevard
• Market: Beverly Hills
• Asking Price: $5,400,000
• Square Footage: 6,088
• Price per Square Foot: $1,072

The transaction was facilitated by Jason Cole of Commercial Asset Group. He represented the seller in this deal. The involvement of Jason Cole highlights the role played by the Commercial Asset Group in the purchase of this office property.