Bel Air Office Building Sells for $5.4 Million

The 600 N Sepulveda Blvd office building in Bel Air has been sold for $5.4 million. The property was marketed by Katherine Weaver of Pegasus Investments and Trevor Nelson of Newmontis. The buyer and seller have not been disclosed.

The property is a two-story office building with a total of 10,000 square feet of rentable space. The building was constructed in 1972 and has been well-maintained. The property is located in a prime location in Bel Air, which is known for its high-end residential properties and affluent residents.

The sale of this property is indicative of the strong demand for commercial real estate in the Bel Air market. The area has seen a surge in demand for office space in recent years, as more businesses look to establish a presence in the area. The property’s location, combined with its well-maintained condition, made it an attractive investment opportunity for the buyer.

The brokers involved in the transaction, Katherine Weaver and Trevor Nelson, have extensive experience in the commercial real estate market. Weaver has been involved in numerous high-profile transactions in the Bel Air market, while Nelson has a strong track record of success in the Los Angeles area.

Overall, the sale of the 600 N Sepulveda Blvd office building in Bel Air for $5.4 million is a positive sign for the commercial real estate market in the area. The strong demand for office space in the market, combined with the property’s prime location and well-maintained condition, made it an attractive investment opportunity for the buyer. The brokers involved in the transaction, Katherine Weaver and Trevor Nelson, have demonstrated their expertise in the commercial real estate market and were instrumental in closing the deal.