Children's Hospital Los Angeles Acquires Supermarket In Los Feliz, LA For $90M

The Children's Hospital Los Angeles has acquired a supermarket property located at 4520 Sunset Blvd. in the Los Feliz neighborhood of Los Angeles. The property, previously owned by Safeway, was sold for $90 million. This supermarket spans 43,500 square feet and has a price per square foot of $2,100.

Summary of transation details

• Property Type: Supermarket
• Transaction Amount: $90 million
• Address: 4520 Sunset Blvd.
• Market: Los Feliz, LA
• Price per Square Foot: $2,100

In this transaction, Children's Hospital Los Angeles acted as the buyer, while Safeway was the seller. It is worth noting that Vons, a subsidiary of Safeway, has agreed to a multi-year leaseback of the property and intends to continue operating the store for years to come, according to Children’s Hospital spokesman Lorenzo Benet via email.