John Kaufman Acquires Retail Property In Downtown Los Angeles For $15.9M

The retail property located at 3976 S. Figueroa St. in Downtown Los Angeles has been sold for a total price of $15,900,000. The transaction took place on March 29, 2022. The property spans an area of 33,908 square feet, resulting in a price per square foot of $468. The buyer of this retail asset is John Kaufman, while the seller is Ventus Group. The deal was facilitated by brokers Bob Safai and Brian Lane from Madison Partners.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $15,900,000
• Address: 3976 S. Figueroa St., Downtown Los Angeles
• Market: Downtown Los Angeles
• Buyer: John Kaufman
• Seller: Ventus Group
• Brokers: Bob Safai & Brian Lane - Madison Partners
• Square Footage: 33,908
• Price per Square Foot: $468

Bob Safai and Brian Lane from Madison Partners played a key role in facilitating the sale of this retail property. Their expertise and network in the industry helped connect the buyer, John Kaufman, with the seller, Ventus Group. This deal showcases the strong demand for retail assets in Downtown Los Angeles and highlights the competitive market in the area.