Goldman Sachs Sells Development Site In Venice For $1.7M | 635 San Juan Ave | Glen Scher, Filip Niculete | Development Site | Sale

Summary

Sale

CALIFORNIA

Development Site

5,222 sqft

A development site located at 635 San Juan Ave in Venice has been sold in a closed transaction. The property, offered by seller Goldman Sachs, was listed by brokers Filip Niculete and Glen Scher from the LAAATeam. The sale took place on December 23, 2020.

Summary of transaction details

Property Type: Development site
Transaction Amount: $1,725,000
Address: 635 San Juan Ave
Market: Venice

The development site, known as a prime location in Venice, was purchased through a bankruptcy sale. Filip Niculete and Glen Scher from the LAAATeam represented the seller, Goldman Sachs. The property had a price per square foot of $330, with a total buildable square footage of 5,222. The sale price reached $1,725,000.

It's important to note that the sale of this development site indicates the continued investment and growth in the Venice market.

Players

All
3

Agents
2
Agencies
1

Glen Scher

Senior Vice President

$627.1M Sold

Filip Niculete

Senior Managing Director

$667.6M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: Filip Niculete & Glen Scher DATE: 12/23/2020 ADDRESS: 635 San Juan Ave MARKET: Venice ASSET TYPE: Development site SELLER: Goldman Sachs BROKERS: Filip Niculete & Glen Scher @LAAATeam ASKING PRICE: $1,800,000 SALE PRICE: $1,725,000 BSF: 5,222 ~ PPBSF: $330 NOTES: Prime Venice Development Bankruptcy Sale - Hired by Goldman Sachs Price/SF Land - $330.00.00

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Address635 San Juan Ave

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