Lyon Stahl Investment Real Estate reposted this
SALE Learn More: https://lnkd.in/g3qPHACt IMAGE: J.D. DeRosa & Jake Glaser DATE: 06/05/2024 ADDRESS: 2707 Beverly Boulevard MARKET: Los Angeles ASSET TYPE: Industrial BUYER: Adine Forman - Hospitality Industry Training & Education Fund SELLER: Daniel Bohbot BUYER;S REP: J.D. DeRosa - Transwestern SELLER'S REP: Jake Glaser - Lyon Stahl Investment Real Estate SALE PRICE: $13,000,000 SF: 29,024 ~ PPSF: $448 NOTE FROM SELLER'S REP: This warehouse & creative office space was purchased all-cash by a 501(c)(3) non-profit and qualified for a FULL EXEMPTION from the Mansion Tax (Measure ULA). The seller was able to avoid paying the 5.5% transfer tax, saving $715,000 on the sale. The buyer will be using the property to train hospitality staff for the 2028 LA Summer Olympics. The site was also entitled to build a 119-unit mixed use apartment development. #LosAngeles #RealEstate #tradedla #LA #LosAngelesRealEstate #California #LARealEstate #CaliRealEstate #TradedPartner #Industrial #JDDeRosa #Transwestern #JakeGlaser #LyonStahlInvestmentRealEstate #DanielBohbot #AdineForman #HospitalityIndustryTrainingandEducationFund
