MAHER COMMERCIAL REALTY
JUST SOLD:
Discover the Strategic Sale of 5214 W. Sunset Blvd. Los Angeles, CA 90027
50% Vacant Multi-Tenant Retail Center in Prime Hollywood Location
PROPERTY DETAILS
19,404 SF
42,076 SF
$9,600,000
SOLD: Hollywood Strip Center on One Acre of Land
Maher Commercial Realty is proud to announce the sale of 5214 W. Sunset Blvd, Los Angeles CA 90027. The subject property represented a unique opportunity to reposition an L-shaped strip mall in Hollywood's Little Armenia neighborhood. At the time of the sale, the site was 50% vacant with the remainder tenants either on month-to-month leases or immediately expiring leases. We used our experience in selling retail, strip centers, and net leased properties in Los Angeles to create a successful "call for offers" and then navigate through some difficult challenges before and during escrow to navigate this transaction to a successful closing.
Learn How Maher Commercial Realty Can Help You Maximize the Potential of Your Commercial Property – Even in the Most Challenging Market Conditions
Key Highlights
Our strategic approach generated significant interested, generating over 10 leads form qualified buyers, demonstrating the buildings undeniable potential.
Despite the property being approximately 50% vacant, with tenant months to month leases and several leases expiring during escrow, we worked diligently to address tenant concerns and ensure the deal remained on track.
The property faced environmental issues that required expert coordination with environmental consultants, ensuring the deal progressed smoothly.
During escrow, the neighboring 99 cent only outparcel enetred bankruptcy. We successfully navigated the legal and financial implications, preventing any disruption to the sales and mantaining confidence for all parties involved.
During the excrow process, we adapted to changing economic factors, safeguarding the interests of all parties to ensure the success of the sale.
Ready to Unlock the Value in Your Commercial Property?
Sign up to Get a Free Market Report on Hollywood Retail Sales.
Proven Success in Selling High-Value Strip Centers
Across Los Angeles
In addition to the successful sale of 5214 W. Sunset Blvd, Maher Commercial Realty has a proven track record of selling high-value strip centers throughout Los Angeles. Recent transactions include the sale of 5609 W. Sunset Blvd, 4850 Hollywood Blvd, 1110 N. Virgil Ave, and 3303 Sunset Blvd. Each of these properties presented unique challenges, from complex tenant negotiations to environmental concerns, which our team skillfully navigated to deliver top-notch results for our clients. Currently, 2829 Hyperion Ave is in escrow, further solidifying Maher Commercial Realty's reputation as a leader in the Los Angeles retail market.
