A retail asset located at 1403-1411 West Pico Boulevard & 1410-1418 West 12th Place in Los Angeles has been sold for $8.3 million. This property spans 41,420 square feet and is situated on a 1.1-acre lot. The transaction was executed at a price per square foot of $200, marking a drop from its prior listing of $11.38 million.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $8,300,000
• Square Footage: 41,420
• Price Per Square Foot: $200
• Address: 1403-1411 West Pico Boulevard & 1410-1418 West 12th Place
• Market: Los Angeles
• Acres: 1.1
• Buyer: James Mason & Justin Schoellkopf - Four Rivers Capital
• Broker: Justin Stark - CP Partners

This transaction involved a property leased under a new 15-year absolute triple-net lease to Caliber Collision. The acquisition was made by an entity affiliated with Four Rivers Capital at a mid-7% cap rate. The deal was brokered by CP Partners and finalized on September 10, 2025.