Jordan Kashfian Acquires Hollywood Retail Property For $30.4M With Brokers Alex Reyhan, Daniel Hirth, Patrick Wade, Alex Kozakov & Matthew Greenberg

5501-5521 Hollywood Blvd. & 1719-1723 N. Western Ave. in Hollywood recently changed ownership in a sale transaction. The property, consisting of 42,916 square feet of retail space, was sold for $30,400,000. The buyer, Jordan Kashfian, acquired this trophy asset in one of Hollywood's most sought-after submarkets. The retail tenants of the property include Marshalls, Petco, and Farmer Boys, with both Marshalls and Petco being corporate guaranteed tenants. Farmer Boys is a reputable tenant, further adding to the property's appeal.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $30,400,000
• Square footage: 42,916
• Price per square foot: $708
• Address: 5501-5521 Hollywood Blvd. & 1719-1723 N. Western Ave., Hollywood
• Market: Hollywood

The sale of this property attracted multiple buyers and offers, but it was Alex Reyhan, Daniel Hirth, Patrick Wade, Alex Kozakov, and Matthew Greenberg from the Hirth Group who represented the seller and managed to procure multiple offers for this highly desirable asset. On the buyer's side, Alex Reyhan and Daniel Hirth acted as the buyer's representatives and successfully negotiated on behalf of Jordan Kashfian to secure the acquisition.