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PJ Spring Properties LLC Acquires Development Site In West LA For $10M

12001 Santa Monica Boulevard
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This Development Site property located in CA was sold for $10,000,000 about 3 years ago. The brokers of the deal were Ryan Rothstein-Serling, Martin Agnew, and Aaron Goodman

A development site located at 12001 Santa Monica Blvd. in West LA has been sold in a recent transaction. The property, with a sale price of $10,000,000, offers a buildable square footage (BSF) of 53,754. The price per buildable square footage (PPBSF) for this development site is $186.

Summary of Transaction Details

  • Property Type: Development Site
  • Transaction Amount: $10,000,000
  • Address: 12001 Santa Monica Blvd.
  • Market: West LA

The buyer, PJ Spring Properties LLC, acquired the property from Wilson H. Park, Hyesun Park, and Jack Silverman. The transaction was facilitated by brokers Aaron Goodman, Martin Agnew, and Ryan Serling.

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Deals
  • Location
    12001 Santa Monica Blvd, West LA, CA, USA12001 Santa Monica Blvd, West LA, CA, USA
  • Sale Price
    $10,000,000$10,000,000
    $186 PPSF$186 PPSF
  • Area
    53,754 SF53,754 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Ryan Rothstein-Serling

Ryan Rothstein-Serling

Deals92
Financed$326.5M

Martin Agnew

Martin Agnew

Deals91
Financed$325.2M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Ryan Serling, Aaron Goodman & Martin Agnew DATE: 02/05/2021 ADDRESS: 12001 Santa Monica Blvd. MARKET: West LA ASSET TYPE: Development Site BUYER: PJ Spring Properties LLC SELLER: Wilson H. Park, Hyesun Park & Jack Silverman BROKERS: Aaron Goodman (@GoodyTwoShoes1983) , Martin Agnew (@MartyAgnew) & Ryan Serling (@RyanRS14) SALE PRICE: $10,000,000 BSF: 53,754 ~ PPBSF: $186

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12001 Santa Monica Boulevard

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