Farwell Family Purchases Educational Facility In Inglewood From Melissa Thomas For $7.7M

The property located at 1217-1223 Centinela Avenue is a daycare/educational facility situated in Inglewood, CA. The building comprises 11,647 square feet on a roughly 39,121 square foot lot. The sale concluded at a price of $7,700,000, reflecting a price per square foot of $661. The facility had been vacant for over three years and required considerable maintenance.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $7,700,000
• Square Footage: 11,647 SF
• Price Per Square Foot: $661
• Buyer: Farwell Family
• Seller: Melissa Thomas
• Seller's Representative: Elijah Suval, Daniel Hirth & Alex Reyhan - The Hirth Group
• Market: Inglewood

The Hirth Group facilitated the transaction, highlighting their expertise in handling challenging markets. This sale is noted for achieving the highest price per square foot for an educational facility of this size in Inglewood, demonstrating the effective strategy and value maximization capabilities of The Hirth Group.