1580 Jesse Street is a 44,866 square foot piece of land that is the home to Select Produce. Ideally located in the heart of the Arts District, one of the fastest growing markets in the country, the property received a significant amount of activity from developers looking to acquire the site on an off-market basis. Though tempted by the off-market offers in the range of $9,000,000 – $10,000,000, the Seller’s hired our team to represent them. Escrow successfully opened and closed at the price of $13,500,000. Not only did we achieve a market leading sales price, but we also insulated the Seller’s from the Buyer’s attempt at a price renegotiation.

Transaction Information

  • Address:  1580 Jesse Street, Los Angeles, CA 90021
  • Product Type: Retail
  • Sales Price: $13,500,000
  • Close Date: October 20, 2016
  • Exclusively Represented Buyer and Seller
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