Ventana Ventures Acquires Retail Property On Melrose Ave In Los Angeles From Gintel Family For $5M

The retail property located at 5901 Melrose Ave in Los Angeles has been sold in a closed transaction. The property spans 9,000 square feet and was sold for a total price of $5,000,000, resulting in a price per square foot of $556. The transaction took place on 02/24/2023.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,000,000
• Square footage: 9,000
• Price per square foot: $556
• Address: 5901 Melrose Ave, Los Angeles
• Market: Los Angeles

The buyer of the property is Ventana Ventures, while the seller is the Gintel Family. The deal was facilitated by brokers Ben Silver from JLL and Evan Jurgensen from Lee & Associates.