Dale Warner Acquires Package Deal From Michael Niemeyer For $15.9 Million In Los Angeles

The property involved in this transaction is a package deal located at 8855 Santa Monica Boulevard in the Los Angeles market. The sale price was reported at $15,900,000, with a total square footage of 9,200, resulting in a price per square foot of $1,728.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $15,900,000
• Square Footage: 9,200
• Price Per Square Foot: $1,728
• Buyer: Dale Warner
• Seller: Michael Niemeyer
• Broker Representatives: Matthew Luchs & Brandon Michaels - Marcus & Millichap

The business "Micky's" was sold to a new operator, who has a lease option to purchase at a pre-negotiated value. This transition marks a significant change in ownership and operation of the establishment.