Sold Listing Case Study
9735 W. Washington Blvd.
Culver City, CA
28K SF Development Site in the Heart of Downtown Culver City
Key Deal Points
• Sold for $11,300,000
• Sold Off Market
• 28,630 Square foot lot zoned CG (Culver City General Commercial)
• Sold for $394 per square foot of land, a record for Culver City
• Helped our client win out over multiple bids
• Our client obtained an irreplaceable location in the heart of Culver City and plans to build over 70,000 square feet of mixed used office and retail.
The Approach
At the request of our client, We approached the Bank to express our client's interest in purchasing the asset. After weeks of discussions and negotiation, the Bank decided
it was in their best interest to sell the property. However since it was a public company, they were required to request bids from multiple buyers.
The Challenge
The property was being marketed to select groups and investors, including our client. After a competitive bid process, We fought hard for our client and convinced the bank they were the right buyer for the property.
The Solution
Thanks to our hard work and relentess efforts, our client's bid was accepted and our client won the bidding war.