Charles Dunn Company Completes $2,475,000 Sale of an Office Property in Beverly Hills
LOS ANGELES, CA – June 23, 2011 – (RealEstateRama) — Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $2,475,000 sale of a 5,550 square foot office building located at 417 S. Beverly Dr. in Beverly Hills, Calif.
Michel Hibbert of Charles Dunn Company represented the Los Angeles-based seller, One A, LLC in the transaction. The buyer was GDSB&M, LLC from Los Angeles who was represented by Willa McNamara-Fields of Beitler Commercial Realty Services.
According the Hibbert, the owner/user will occupy a large portion of its new office building along with an existing tenant, Sylvan Learning Center who is leasing about half of the building. The buyer, a literary talent agency will be adding to its current space which is adjacent to the new property.
The property is well located near Olympic Blvd. and is just south of the Beverly Hills Golden Triangle area.
“The property garnered a high price per square foot of $445.00,” said Hibbert. “South Beverly Drive is an excellent street and location in Beverly Hills.”
About Charles Dunn Company
Charles Dunn Company is one of the largest full-service regional real estate firms in the Western United States. Established in 1921 and headquartered in Los Angeles, the firm’s brokerage practice continues to be a market leader. The firm also manages more than 20 million square feet of office, industrial, retail, residential and mixed-use properties for third party clients and provides construction management, architecture and design, general contracting and capital markets services. With more than 260 team members in nine offices, Charles Dunn Company’s reach extends far beyond its physical locations, as its experienced professionals leverage their market knowledge, relationships, and expertise to achieve and exceed client expectations. www.charlesdunn.com
