Brandon Cohan Real Estate Acquires Prime Retail Property on Abbot Kinney Boulevard in Venice for $9 Million
Brandon Cohan Real Estate has acquired a prime retail property on Abbot Kinney Boulevard in Venice for $9 million, signaling the company's continued investment in Los Angeles high street retail.
Brandon Cohan Real Estate has acquired a prime retail property on Abbot Kinney Boulevard in Venice for $9 million, signaling the company’s continued investment in Los Angeles high street retail. The property, located at 1354, 1356, 1356 1/2 & 1358 Abbot Kinney Blvd., is a 4,727 square foot retail space in one of the most sought-after locations in Venice. The property was sold by James Maslon and brokered by Jason Froehlich of Douglas Elliman.
Abbot Kinney Boulevard has become a hot spot for retail and dining in recent years, with GQ Magazine naming it the coolest block in America. The street is home to a variety of high-end boutiques, restaurants, and cafes, making it a prime location for retail investment.
Brandon Cohan Real Estate’s latest acquisition is part of the company’s strategy to heavily invest in Los Angeles high street retail. The company has been actively acquiring properties in the area and has several development projects in the works.
The sale price of 9 million translates to a price per square foot of 1,903, which is in line with recent sales in the area. The property’s location on Abbot Kinney Boulevard and its potential for development make it a valuable asset for Brandon Cohan Real Estate.
Overall, the acquisition of 1354, 1356, 1356 1/2 & 1358 Abbot Kinney Blvd. is a significant move for Brandon Cohan Real Estate and a testament to the strength of the Los Angeles high street retail market. As the company continues to invest in the area, it will be interesting to see what other properties it acquires and what development projects it has in store.