In a recent sales comp from the affluent coastal neighborhood of Pacific Palisades, a 30k sf property known as The Atrium Building sold for $11.35 mil ($378/sf). Situated in the center of Pacific Palisades’ commercial district known as The Village, the property is located at 860 Via de la Paz.

Built in 1980 and renovated in 2007, the three-story building features an atrium with a wraparound balcony and seven additional balconies located throughout the building, affording tenants the opportunity to enjoy the impressive views of the Santa Monica Mountain range. The property also contains a three-level subterranean parking garage. Bob Safai and Matt Case of Madison Partners represented the seller, Resource Capital Corporation, in this widely marketed transaction. The buyer was Optimus Properties LLC.