Elly Foroosh Acquires Retail Property On Santa Monica Blvd. In West Los Angeles

Located in West Los Angeles, a retail property at 10961-10667 Santa Monica Blvd. has been sold for a price of $7,050,000. The property spans a total area of 2,025 square feet, resulting in a price per square foot of $3,481. With a capitalization rate of 4.52%, this transaction represents a significant investment opportunity in the market.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,050,000
• Address: 10961-10667 Santa Monica Blvd., West Los Angeles
• Market: West Los Angeles
• Asset Type: Retail

The buyer, Elly Foroosh, acquired the property from the seller, George Murchison. Representing the buyer in this transaction was Michael Gonzales from the Gonzales Law Group. On the seller's side, the transaction was facilitated by Dan Riley, Austin Wolitarsky, Simon Mattox, Bill Durslag, Kyle Woods, and Sam Aaron of CBRE. These individuals and companies played integral roles in negotiating and finalizing the deal, ensuring a successful transaction for all parties involved.