Retail Property On W. Third Street In Los Angeles Sold For $5,285,000 With Broker Matthew Luchs

The property involved in this transaction is a retail asset located at 8115-8117 W. Third Street in Los Angeles. The property was sold for $5,285,000, covering a total square footage of 9,376 and a price per square foot of $563.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,285,000
• Address: 8115-8117 W. Third Street, Los Angeles
• Square Footage: 9,376
• Price per Square Foot: $563
• Brokers: Matthew Luchs - Zacuto Group
• Consultant: Michael Koshet - Keller Williams Realty
• Opened Escrow: Fully Non-Contingent
• Seller Price Renegotiation: Insulated Seller from Price Renegotiations Prior to Opening Escrow
• Legal Coordination: Coordinated Legal, Title, Escrow, Buyer, and Seller while Seller was in Japan
• Proximity to The Grove: Within Walking Distance to The Grove Shopping Center
• Tenant Information: 90% Occupied by Youth Academy of Dramatic Arts (YADA), a Tenant that has been in the Property for over 27 years
• Location Benefits: Excellent Los Angeles W 3rd Street Location surrounded by many of LA’s Best Tenants including Oste, Mood, The Little Door, Joans on Third, Sweetgreen, Bacari

Matthew Luchs represented the seller through the Zacuto Group, facilitating the smooth transaction process. Michael Koshet, from Keller Williams Realty, served as the consultant, assisting with the transaction details throughout the process.