Alex Daniel Purchases Retail Property From Jonathan Grahm At 516 North La Brea Avenue For $2.1M

The property asset involved in this transaction is a retail space located at 516 North La Brea Avenue in the Los Angeles market. The sale price was $2,100,000, with a total square footage of 4,100, resulting in a price per square foot of $512.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,100,000
• Buyer: Alex Daniel
• Seller: Jonathan Grahm
• Brokers: Matthew Luchs & Benjamin Khoubian - Zacuto Group
• Square Footage: 4,100
• Price Per Square Foot: $512
• Note from Broker: Seller received multiple offers, Sold to an Owner-User, 21-Day Due Diligence, Defended Seller from Price Renegotiation, Overcame Government shutdown and SBA Loan delays

Moses Luchs and Benjamin Khoubian represented the seller in this transaction, effectively managing multiple offers and facilitating the sale process. Their efforts included overcoming challenges such as government shutdowns and delays related to SBA loans, securing a favorable outcome for the seller amidst a competitive market.