Westside Estate Agency Acquires Retail Property In Beverly Hills For $40M

A retail property located at 448-460 N. Canon Drive in Beverly Hills, LA was recently sold for a price of $40,000,000. The property spans across 23,000 square feet and was sold at a price of $1,739 per square foot. The transaction took place on October 3, 2018. The buyer of the property was Westside Estate Agency, while the seller was Canon Ball LLC. The deal was facilitated by Jay Luchs from Westside Estate Agency, who represented the buyer in the transaction.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $40,000,000
• Address: 448-460 N. Canon Drive, Beverly Hills, LA
• Market: Beverly Hills, LA, California
• Square Footage: 23,000
• Price per Square Foot: $1,739

Kurt Rappaport and Jay Luchs were involved in the transaction as the representative brokers. Kurt Rappaport, from an undisclosed agency, played a role in facilitating the deal, while Jay Luchs, from Westside Estate Agency, represented the buyer in the transaction.