58,484-SQUARE-FOOT OFFICE BUILDING FETCHES $11 MILLION

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LOS ANGELES — RP Properties has purchased 9300 Wilshire Boulevard, a six-story, Class A office property located in West Los Angeles, for $11 million or $188 per square foot. The 58,484-square-foot building is situated on 16,409 square feet of ground-leased land. At the time of escrow, the property was 95.8 percent occupied. The seller was Lexington Properties. Bob Safai of Madison Partners represented the buyer in the transaction.

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