Private Investor Acquires Office Property From Los Robles Office Partners For $13.1M In Los Angeles

The property asset involved in the transaction is a neighborhood shopping center located at 11201 National Blvd, Los Angeles, CA 90064. The property was sold for $13,100,000.00 and encompasses a total square footage of 10,883. It is situated on a 24,400-square-foot lot and includes a retail building with eight units, a newsstand, a Wells Fargo ATM, two income-producing billboards, and a cell tower. At the time of the sale, seven of the eight units were occupied.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $13,100,000.00
• Address: 11201 National BLVD, Los Angeles, CA 90064
• Market: Los Angeles
• Seller: Los Robles Office Partners
• Buyer's Representative: Paul Brehme - Lee & Associates
• Seller's Representative: Geoffrey "Geoff" Grossman
• Square Footage: 10,883

The deal was facilitated by representatives from CBM1 and Lee & Associates. Geoff Grossman represented the seller, while Paul Brehme represented the buyer, a private investor, in this transaction.