WEST HOLLYWOOD, CA-A supplier of technology support staffs, eSuites, Inc. has acquired a vacant 10,000-sf office building on Sunset Blvd. The U.S. Bankruptcy Court's Central District, Trustee, Jeffrey I. Golden sold the property. The transaction value was $3.25 million.
The three-story building is located at 8335 Sunset Blvd. The new owner plans to refurbish the structure. Brokers on the deal say the property drew six offers in excess of the $2.6 million asking price. The popularity of this area of the Sunset Strip plus the rarity of an office building of its size becoming available was very attractive to potential buyers.
Built during the 1970s, the office building acquired by eSuites, Inc. is a steel frame and glass structure accented by a brick facade on the east and west elevations. The property includes three per 1000 parking, which is unusual for older buildings along the Sunset Strip, according to a broker on the deal.
Greg Johnson, vice president in DAUM's Downtown Los Angeles office, and Clarence Yoshikane of Prudential California Realty, represented the seller. Mike Fowler of Newmark & Co. represented the buyer in the transaction.
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