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Monday, November 7, 2016

RENTV: Beverly Hills Retail Building Sells for $5,000/sf

 

RENTV reports:

"Sterling Organization has purchased a 4.7k sf retail building in Beverly Hills’ Golden Triangle shopping district, just one block east of Rodeo Drive. The property was purchased for $23.5 mil, or $5,000/sf, in an off-market transaction on behalf of the firm’s institutional fund Sterling Value Add Partners II, LP (“SVAP II”).

The building is located at at 315-319 N. Beverly Dr, between Brighton Way and Dayton Way. It is expected to be vacant in the first quarter of 2017."

Click here to read the article on RENTV.com.