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Vanbarton Group Buys 73,835 SF Office Building in Los Angeles for $37.7M

Vanbarton Group Buys 73,835 SF Office Building in Los Angeles for $37.7M 20 Jun 2018

Posted on  by  in AcquisitionsCaliforniaOfficeWestern

LOS ANGELES — Vanbarton Group has acquired an office building located at 6725 Sunset Blvd. in Los Angeles’ Hollywood submarket. Crown Realty & Development sold the property for $37.7 million.

The five-story multi-tenant property features 73,835 square feet of office space. At the time of sale, the property was fully leased by 15 tenants. Additionally, the transaction included an adjacent three-level parking structure.

Kevin Shannon, Rob Hannan, Ken White, Michael Moll of NKF Capital Markets, along with John Tronson of Avison Young and Kreg Groat of Crown Realty & Development, represented the seller in the sale.

At the time of sale, the 73,835-square-foot office property, located at 6725 Sunset Blvd. in Los Angeles, was fully leased by 15 tenants.