BEVERLY HILLS, CA—A 9,046-square-foot office building at 130 S. El Camino Dr. owned by the Wallace Family Trust has sold for $10.4 million. The price translates to $1,150 per square foot, which the seller claims is the highest sales price ever per square foot for office space in Beverly Hills.
The buyer was not identified. Joshua Meltzer and Bryan Norcott of Studley real estate represented the seller. Greg Moore of Keller Williams Realty represented the buyer in the transaction.
The two-story building was unoccupied at the time of the sale. It formerly housed the offices of TV personality and singer Merv Griffin.
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