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Mark Bolour Of Bolour Associates Acquires Retail Property On Hyperion Avenue For $6.55M

Property Image
SOLD
$6,550,000
Oron Maher
Mark Bolour

California

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Retail9,884 SF
Sold 03/20/2025
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Property Image
SOLD

Mark Bolour Of Bolour Associates Acquires Retail Property On Hyperion Avenue For $6.55M

2829 Hyperion Avenue

See Similar Deals
Retail9,884 SF
Sold 03/20/2025
Oron Maher
Mark Bolour
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$662
Total Square Footage:9,884 SF
Transaction Type:Sale

The property located at 2829 Hyperion Avenue in Los Angeles is a retail asset that has officially closed with a sale price of $6,550,000. The property encompasses 9,884 square feet and has a price per square foot of $662.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,550,000
  • Buyer: Mark Bolour - Bolour Associates
  • Seller: John Suh, Frank Oh & Thomas Oh
  • Broker: Oron Maher - Maher Commercial Realty
  • Market: Los Angeles
  • Sale Date: 03/20/2025
  • Property Size: 9,884 SF
  • Price Per Square Foot: $662

Oron Maher of Maher Commercial Realty represented both the Buyer and Seller during this transaction. The closed sale was marked by a competitive marketing process that attracted multiple qualified offers, and it involved navigating a complex court-ordered sale with various seller interests, making the transaction notably intricate.

Players

Oron Maher
Maher Commercial Realty
Oron Maher
31 deals$159.1M volume(415) 378-5464
BROKER
Mark Bolour
Bolour Associates
Mark Bolour
12 deals$138.8M volume
BUYER

Details

SOLD
IMAGE: Mark Bolour & Oron Maher DATE: 03/20/2025 ADDRESS: 2829 Hyperion Avenue MARKET: Los Angeles ASSET TYPE: Retail BUYER: Mark Bolour - Bolour Associates (@Bolour_CRE) SELLER: John Suh, Frank Oh & Thomas Oh BROKER: Oron Maher (@Oron.Maher) - Maher Commercial Realty (@MaherCommerical) SALE PRICE: $6,550,000 SF: 9,884 ~ PPSF: $662 NOTE FROM BROKER: 2829-2843 Hyperion Avenue has officially closed. Oron Maher of Maher Commercial Realty represented the Buyer and Seller. This high-visibility commercial property at the signalized corner of Hyperion & Rowena attracted multiple offers and strong investor interest despite challenges. ✔Creatively marketed the site as shadow-anchored by Trader Joe’s and Gelson’s to enhance appeal. ✔Leveraged our experience with environmentally impacted properties to overcome contamination hurdles. ✔Simultaneously marketed the property for lease to generate Letters of Intent (LOIs) and create leverage during the sale process. ✔Successfully positioned and sold a property that was 50% vacant at the time of marketing. ✔Navigated a complex court-ordered sale involving multiple seller interests. ✔Ran a competitive marketing process that generated multiple qualified offers. ✔Strategically guided the seller through a complicated transaction toward a successful closing.

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