Cushman & Wakefield's Brokers Facilitate $46 Million Office Sale In Los Angeles

The asset involved in this transaction comprises office properties located at 405 Mateo Street, 1003 4th Street, and 1019 4th Place in the Los Angeles market. The total sale price for the transaction was $46,000,000, which equates to approximately $446 per square foot over a total area of 102,963 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $46,000,000
• Address: 405 Mateo Street, 1003 4th Street & 1019 4th Place
• Market: Los Angeles
• Sale Price per Square Foot (PPSF): $446
• Total Square Feet (SF): 102,963
• Buyer's Representative: Mike Condon Jr., Erica Finck, Reid Gratsch, Kylie Rawn & Bob Thagard - Cushman & Wakefield
• Seller's Representative: Stephen Somer & Brooke Silver - Eastdil Secured

The transaction featured several key representatives, with the buyer's side being represented by a team from Cushman & Wakefield while the seller was represented by Eastdil Secured. This collaborative effort among industry professionals facilitated the successful completion of the sale.