TTM Real-Estate Capital Acquires Retail Property In Los Angeles For $80M

The retail property located at 6081 Center Drive in Los Angeles has been sold in a recent transaction. The property, spanning 300,000 square feet, was sold for a price of $80,000,000, resulting in a price per square foot of $267. The sale took place on March 26, 2023.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $80,000,000
• Address: 6081 Center Drive
• Market: Los Angeles
• Seller: Torchlight Investors
• Buyer: TTM Real-Estate Capital
• Square Footage: 300,000
• Price per Square Foot: $267

Torchlight Investors acted as the seller in this transaction, while TTM Real-Estate Capital was the buyer. The deal was completed on March 26, 2023, with Tyler Mateen providing the image of the property. The property is located in Los Angeles, a vibrant market for retail assets.