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$22.5M Development Site In West Hollywood Acquired By Alex Kozakov, Patrick Wade, Matthew Greenberg And Alexis Abad

8500 Santa Monica Boulevard 951-971 North La Cienega Boulevard
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This Development Site property located in CA was sold for $22,500,000 about 4 years ago. The brokers of the deal were Patrick Wade, Jake Hayutin, Matthew Greenberg, Christoper (Chris) Tresp, Alexis Abad, and Alex Kozakov

A development site in West Hollywood has been sold for $22,500,000. The property, located at 8500 Santa Monica Blvd; 951-971 N. La Cienega Blvd, is a valuable asset for future development. With a total of 30,146 square feet of building space, the price per square foot is $746. This transaction took place on March 16, 2020.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $22,500,000
  • Building Square Footage: 30,146
  • Price Per Square Foot: $746
  • Market: West Hollywood

The deal was facilitated by a team of brokers including Alex Kozakov, Patrick Wade, Matthew Greenberg, Alexis Abad, and Jake Hayutin from Kozwade Retail, as well as Chris Tresp from CBRE. Their expertise and negotiation skills played a crucial role in the successful completion of this transaction.

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Deals
  • Location
    8500 Santa Monica Boulevard, West Hollywood, CA, USA8500 Santa Monica Boulevard, West Hollywood, CA, USA
  • Sale Price
    $22,500,000$22,500,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    6 Brokers, 2 Agencies6 Brokers, 2 Agencies

Agents

Patrick Wade

Patrick Wade

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Sold$254.5M

Matthew Greenberg

Matthew Greenberg

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Sold$71.5M

Alex Kozakov

Alex Kozakov

Deals12
Sold$254.5M

Alexis Abad

Alexis Abad

Deals3
Sold$30.8M

Agencies

CBRE

CBRE

Agency
Deals4231
Volume$184.3B

Laconic Capital Advisors

Laconic Capital Advisors

Agency
Deals0
Volume$22.5M

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Deal Summary

SALE IMAGE: Alex Kozakov, Patrick Wade, Matthew Greenberg, Alexis Abad & Chris Tresp DATE: 03/16/2020 ADDRESS: 8500 Santa Monica Blvd; 951-971 N. La Cienega Blvd MARKET: West Hollywood ASSET TYPE: Development Site PRICE: $22,500,000 BSF: 30,146 PPBSF: $746 BROKERS: Alex Kozakov, Patrick Wade, Matthew Greenberg, Alexis Abad, Jake Hayutin @Kozwade_Retail, Chris Tresp @CBRE

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8500 Santa Monica Boulevard 951-971 North La Cienega Boulevard

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