Paramount Recording Studios Acquires Retail Property In Los Angeles For $2.25M

The property involved in this transaction is a retail asset located at 6249 Santa Monica Boulevard in Los Angeles. The sale price for the property was $2,250,000, and it has a total square footage of 3,920, translating to a price per square foot of $573.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,250,000
• Address: 6249 Santa Monica Boulevard
• Market: Los Angeles
• Square Footage: 3,920
• Price Per Square Foot: $573
• Buyer: Paramount Recording Studios
• Seller: Cubbage Family
• Buyer's Representative: Chase Gordon & Christopher Bonbright - Avison Young
• Seller's Representative: David Ghermezian & Jonathan Dadourian - Newmark

The key individuals involved in this transaction include the buyer, Paramount Recording Studios, and the seller, Cubbage Family. The representatives facilitating the transaction for the buyer are Chase Gordon and Christopher Bonbright from Avison Young, while David Ghermezian and Jonathan Dadourian from Newmark represent the seller.