Strategic Realty Trust Sells Silver Lake Collection Retail Center In Los Angeles For $12.4M

Silver Lake Collection is a retail center comprising 10,900 square feet located at 1601 Griffith Park Boulevard and 3701-3713 West Sunset Boulevard in Los Angeles. The asset, which is situated on a 0.36-acre lot, was sold for $12,400,000, translating to $1,138 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,400,000
• Square Footage: 10,900
• Address: 1601 Griffith Park Boulevard & 3701-3713 West Sunset Boulevard
• Market: Los Angeles
• Seller: Domenic Lanni - Strategic Realty Trust
• Brokers: Matthew Fainchtein & Tim Kuruzar - JLL

The transaction involved Domenic Lanni representing Strategic Realty Trust as the seller, while JLL's Tim Kuruzar represented the seller and Matthew Fainchtein represented the buyer, a Taiwan-based restaurant operator. This deal showcases collaboration between real estate professionals in a significant market transaction.