After an extensive and creative marketing campaign, we are thrilled to announce the successful closing of 2829-2843 Hyperion Avenue—a property that presented both challenges and opportunities.
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A Prime Location with Unique Potential
Spanning approximately 17,246 square feet, with 9,884 square feet of existing improvements, this site was a rare find in the heart of Silver Lake. Strategically located near Trader Joe’s and Gelson’s, we positioned the property as a prime investment opportunity, leveraging the area’s vibrant, walkable lifestyle and elite retail appeal.
Overcoming Environmental and Leasing Challenges
One of the key hurdles in this transaction was environmental contamination, a challenge that we tackled head-on thanks to our deep experience in selling impacted properties. To enhance marketability, we simultaneously marketed the asset for lease, generating Letters of Intent (LOIs) and increasing competition among buyers.
A Complex Sale with Multiple Stakeholders
Adding another layer of complexity, this was a court-ordered sale involving multiple seller interests. Through a disciplined and strategic approach, we navigated these complexities, ensuring a smooth and transparent process for all parties involved.
Delivering Maximum Value
Despite the property being 50% vacant, we crafted a compelling narrative that highlighted its value and potential. Our efforts led to a highly competitive bidding process, multiple qualified offers, and ultimately, a successful closing that exceeded expectations.
This transaction showcases our expertise in navigating complex sales, overcoming environmental challenges, and maximizing value for our clients. If you’re looking to buy, sell, or lease commercial real estate, our team is ready to help you achieve your goals.Feel free to contact me directly for more details, or if you have any questions about other real estate opportunities in the Los Angeles area.
Success Story: Closing Escrow on 2829-2843 Hyperion Avenue in Silver Lake
