Hanley Brown Group Represents Buyer and Seller in $6,300,000 Sale of High Profile, Street-Front Retail Property in West Los Angeles (2007-04-16)
Eric P. Wohl of Hanley Brown Group Real Estate Advisors represented the buyer and seller in the sale of a rare multi-tenant, street-front retail property in West Los Angeles, Calif. The purchase price was $6,300,000, which represented one of the highest prices per square foot in the area at $644 per square foot. The 9,785-square-foot street-front retail property is the ground floor space of a 60-unit condominium development located at 12222 Wilshire Boulevard, a high profile location in the heart of the West Los Angeles business district, two blocks west of Bundy Drive. An all cash transaction, the buyer closed on the property in 17 days.
