Description
Jeremy Shore and Oron Maher arranged the sale of an off-market restaurant building on Venice Blvd. in downtown Mar Vista.
MCR recognized an opportunity to add value as the existing restaurant lease could be terminated early, making the property a candidate for redevelopment with in-place income.
This is MCR’s second food use transaction on Venice Blvd this year, as the firm arranged the sale of 12815-12825 Venice Blvd in Q3 2022.
Property Features:
- Sale Price: $2,350,000
- Building Size: 3,199 Sq.Ft.
- Land Size: 0.19 Acres
- Zoning: LAC2
- Year Built: 1923
- Parking: 12 Spaces
