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California Community Foundation Acquires Office Building In Downtown Los Angeles For $15.4M

717 West Temple Street
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This Office property located in CA was sold for $15,400,000 about 3 years ago.

Located at 717 West Temple St. in Downtown Los Angeles, this office property was recently sold in a transaction that closed on January 27, 2021. The property, spanning 54,657 square feet, was purchased by the California Community Foundation from the seller First City Credit Union for a total price of $15,400,000. With a price per square foot of $281, this transaction highlights the value of office assets in the Downtown Los Angeles market.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $15,400,000
  • Square Footage: 54,657
  • Price per Square Foot: $281
  • Buyer: California Community Foundation
  • Seller: First City Credit Union

This notable deal was facilitated by James Miller and Antonia Hernández, representing the buyer and seller respectively. Their expertise in the market played a crucial role in the successful completion of this transaction.

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  • Location
    717 W Temple St, Central LA, Los Angeles, CA, USA717 W Temple St, Central LA, Los Angeles, CA, USA
  • Sale Price
    $15,400,000$15,400,000
    $281 PPSF$281 PPSF
  • Area
    54,657 SF54,657 SF
  • Asset Type
    OfficeOffice

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Deal Summary

[embed] SALE IMAGE: James Miller, Antonia Hernández DATE: 01/27/2021 ADDRESS: 717 West Temple St. MARKET: Downtown Los Angeles ASSET TYPE: Office BUYER: California Community Foundation SELLER: First City Credit Union PRICE: $15,400,000 SF: 54,657 ~ PPSF: $281

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