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Lonnie McDermott Of CDermott.Group Acquires Development Site On N Virgil Ave, Los Angeles For $2M

657 North Virgil Avenue
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This Development Site property located in CA was sold for $2,000,000 about 3 years ago. The brokers of the deal were Lonnie Mcdermott and Floyd Shaheen

A development site located at 657 N Virgil Ave in Los Angeles has been sold for a price of $2,000,000. The property spans a total square footage of 7,091, resulting in a price per square foot of $282.

Summary of transaction details

  • Property Type: Development site
  • Transaction Amount: $2,000,000
  • Address: 657 N Virgil Ave, Los Angeles
  • Market: Los Angeles
  • BSF (Building Square Footage): 7,091
  • Price per Square Foot (PPBSF): $282

The buyer in this transaction was Lonnie McDermott represented by Lonnie McDermott from cDermott.Group. Floyd Shaheen from loydGroupCre acted as the seller's representative.

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Deals
  • Location
    657 North Virgil Avenue, Los Angeles, CA, USA657 North Virgil Avenue, Los Angeles, CA, USA
  • Sale Price
    $2,000,000$2,000,000
    $282 PPSF$282 PPSF
  • Area
    7,091 SF7,091 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Floyd Shaheen

Floyd Shaheen

Deals25
Sold$68.6M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

[embed] SALE IMAGE: Floyd Shaheen & Lonnie McDermott DATE: 12/29/2020 ADDRESS: 657 N Virgil Ave MARKET: Los Angeles ASSET TYPE: Development site BUYER’S REP: Lonnie McDermott - @McDermott.Group SELLER’S REP: Floyd Shaheen - @FloydGroupCre PRICE: $2,000,000 BSF: 7,091 ~ PPBSF: $282

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657 North Virgil Avenue

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