Sanford Mann Acquires Retail Center At 10020 Venice Boulevard For $6.695M With The Hirth Group

The property involved in this transaction is a retail shopping center located at 10020 Venice Boulevard in Culver City, CA. The asset spans 9,773 square feet and is situated on a 16,826-square-foot lot. It features eight storefronts and seven tenants. The sale was completed for a transaction amount of $6,695,000, resulting in a price per square foot of $685.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,695,000
• Square Footage: 9,773
• Address: 10020 Venice Boulevard
• Market: Culver City
• Buyer's Name: Sanford Mann
• Seller's Name: David Magven
• Buyer's Representative: Alex Reyhan & Daniel Hirth - The Hirth Group - KW Commercial
• Seller's Representative: Jason Froehlich - Douglas Elliman

The closing of this transaction was handled by Alex Reyhan and Daniel Hirth, representing the buyer, Sanford Mann. The Hirth Group successfully navigated a competitive bidding process that attracted nearly a dozen offers, highlighting their effective strategic approach in securing this investment opportunity for their client.