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Metric Holdings Acquires Development Site In Reseda For $8M

6648-6670 Reseda Boulevard
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This Development Site property located in CA was sold for $8,000,000 about 2004 years ago. The brokers of the deal were Elizabeth Clark and Jay Martinez

A development site located at 6648-6670 Reseda Blvd in Reseda has been sold for $8,000,000. The transaction took place on January 9, 2020. The property has a buildable square footage (BSF) of 59,723, with a price per buildable square footage (PPBSF) of $133.95. The site comprises 205 units, which translates to a price per unit (PPU) of $39,024.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $8,000,000
  • Buildable Square Footage (BSF): 59,723
  • Price per Buildable Square Footage (PPBSF): $133.95
  • Units: 205
  • Price per Unit (PPU): $39,024

The buyer of the property was Metric Holdings, while the seller was 6648 Reseda, LLC. The transaction was facilitated by two brokers, Jay Martinez from Hudson Partners Inc and Elizabeth Clark from Compass Commercial.

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Deals
  • Location
    6648 Reseda Boulevard, Reseda, CA 91335, USA6648 Reseda Boulevard, Reseda, CA 91335, USA
  • Sale Price
    $8,000,000$8,000,000
    $1,550 PPSF$1,550 PPSF
  • Area
    5,160 SF5,160 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Elizabeth Clark

Elizabeth Clark

Deals54
Sold$168.6M

Jay Martinez

Jay Martinez

Deals31
Sold$101.6M

Agencies

Douglas Elliman

Douglas Elliman

Agency
Deals1571
Volume$18.3B

Kidder Mathews

Kidder Mathews

Agency
Deals322
Volume$4.1B

Social

Deal Summary

SALE IMAGE: Jay Martinez @jaymartinezhudson & Elizabeth Clark @lalaclark4 DATE: 01/09/2020 ADDRESS: 6648-6670 Reseda Blvd MARKET: Reseda ASSET TYPE: Development Site PRICE: $8,000,000 BSF: 59,723 PPBSF: $133.95 UNITS: 205 PPU: $39,024 BUYER: Metric Holdings SELLER: 6648 Reseda, LLC BROKERS: Jay Martinez - Hudson Partners Inc, Elizabeth Clark - Compass Commercial

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6648-6670 Reseda Boulevard

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