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Westside Estate Agency Acquires Retail Property In Beverly Hills For $40M

448-460 North Canon Drive
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This Retail property located in CA was sold for $40,000,000 over 5 years ago. The broker of the deal was Jay Luchs

A retail property located at 448-460 N. Canon Drive in Beverly Hills, LA was recently sold for a price of $40,000,000. The property spans across 23,000 square feet and was sold at a price of $1,739 per square foot. The transaction took place on October 3, 2018. The buyer of the property was Westside Estate Agency, while the seller was Canon Ball LLC. The deal was facilitated by Jay Luchs from Westside Estate Agency, who represented the buyer in the transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $40,000,000
  • Address: 448-460 N. Canon Drive, Beverly Hills, LA
  • Market: Beverly Hills, LA, California
  • Square Footage: 23,000
  • Price per Square Foot: $1,739

Kurt Rappaport and Jay Luchs were involved in the transaction as the representative brokers. Kurt Rappaport, from an undisclosed agency, played a role in facilitating the deal, while Jay Luchs, from Westside Estate Agency, represented the buyer in the transaction.

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Deals
  • Location
    460 North Canon Drive, Beverly Hills, CA 90210, USA460 North Canon Drive, Beverly Hills, CA 90210, USA
  • Sale Price
    $40,000,000$40,000,000
    $1,739 PPSF$1,739 PPSF
  • Area
    23,000 SF23,000 SF
  • Asset Type
    RetailRetail
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Jay Luchs

Jay Luchs

Deals22
Financed$794.9M

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

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Deal Summary

SALE IMAGE: Kurt Rappaport and Jay Luchs DATE: 10/03/2018 ADDRESS: 448-460 N. Canon Drive MARKET: Beverly Hills, LA, Cali ASSET TYPE: Retail PRICE: $40,000,000 SF: 23,000 PPSF: $1,739 BUYER: Westside Estate Agency SELLER: Canon Ball LLC BROKER: @JayLuchs

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448-460 North Canon Drive

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