Ample Hills Creamery
1824 Hillhurst Ave. Los Angeles, CA 90027
Price / SF:
2,204 SF + 1,828 SF
Ample Hill Creamery
Sellers wanted to pre-market the property before tenant had taken occupancy.
No sales comparable available to justify pricing in the immediate area due to high barrier to entry market.
Building price per square foot extremely high at market CAP rate and building was unique craftsman architecture build over 100 years ago.
Through customized highly stylized marketing began marketing process early highlighting properties unique features and higher barrier to entry features.
Successfully guided local investor and their advisor through the substantial improvements seller had made as well as tenant improvement dollars spent on structure creating a new basis for depreciation. Sold for near record price per square foot for the LA market at $1,725 per square foot in 4 month marketing process in which tenant opened only one month before buyer closed escrow in less than 30 days.