Cedars-Sinai Medical Center Acquires Retail Property In Los Angeles For $6.25M

The retail property located at 358 S La Cienega and 8470 Blackburn in Los Angeles has been sold in a closed transaction. The property spans approximately 4,014 square feet and was sold for a total price of $6,250,000, resulting in a price per square foot of $1,557. The buyer of the property is Cedars-Sinai Medical Center, while the seller is Rossmore Enterprises. The transaction was facilitated by brokers Lauren Aboulafia and Seth Grossman from Conroy Commercial.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $6,250,000
• Square Footage: 4,014
• Price per Square Foot: $1,557
• Buyer: Cedars-Sinai Medical Center
• Seller: Rossmore Enterprises
• Brokers: Lauren Aboulafia & Seth Grossman - Conroy Commercial

This transaction marks an important deal for Cedars-Sinai Medical Center as they expand their presence in the Los Angeles market. The involvement of brokers Lauren Aboulafia and Seth Grossman from Conroy Commercial showcases their expertise in facilitating high-value retail transactions. The property's prime location in Los Angeles adds to its desirability for potential tenants or investors.