CBM1 managing principal Geoff Grossman recently closed the sale of a creative office building fronting La Brea Avenue, just north of Melrose Avenue in bustling Mid Los Angeles. The approximately 6,311 SF, 2-story renovated building traded for $6.595 million. Mr. Grossman represented the buyer, VI Peel, a national skincare company. Aleks Trifunovic of Lee & Associates represented the seller.
The buyer, VI Peel, intends to use the building as the headquarters for their steadily expanding medical skincare treatment business. VI Peel provides medical-grade skincare treatments to over 6,000 doctors’ offices and medispas nationwide.
“Talk about fast-tracking a deal!” CBM1’s Geoff Grossman says of the transaction he closed in less than three weeks with only a four-day escrow. “For tax reasons, my clients [VI Peel owners] needed to close no later than December 31st. I showed them [the subject property] on December 9th. The sellers agreed to an expedited close on December 29th. And the transfer recorded on December 30th,” Grossman explains, adding: “It was a mad race to beat the deadline. But miraculously, it all came together.”
Mr. Grossman also praises the efforts of Lee & Associates Aleks Trifunovic: “Honestly, I could not have made this deal happen without Aleks’ exceptional effort. He’s a true professional and exercised effort every step of the way.”
For more information on this transaction or CBM1’s investment sales advisory and brokerage services, visit cbm1.com or contact Geoff Grossman at: 310.299.4224 or geoff@cbm1.com.
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