Madison Partners is pleased to announce the sale of 8075 West 3rd Street, in Los Angeles, California—one of the premier office markets in Southern California. Totaling approximately 34,833 net rentable square feet, the 5 story office building including two parking levels is situated on the corner of West 3rd Street and Crescent Heights Boulevard, just 4 blocks west of the historical Farmers Market and The Grove—two world-class tourist attractions. The property’s location affords tenants convenient access to a host of first-rate amenities such as upscale shopping, Cedars Sinai Medical Center, restaurants, and recreational and cultural attractions in the heart of the W. 3rd Shopping District.
Bob Safai and Matt Case, of Madison Partners, sold the property for a price of $9,650,000 on December 24, 2013. Madison Partners represented the Seller, West 3rd St. Association, in this fully marketed transaction. Buyer was 8075 W. 3rd St. Owner, LLC.