82,000-SQUARE-FOOT OFFICE BUILDING SELLS FOR $16 MILLION

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LOS ANGELES — PMCF Properties LLC has sold an 82,000-square-foot office building, located at 12304 Santa Monica Blvd. in west Los Angeles, for $16 million. Built in 1981, the three-story, multi-tenant office building was 55 percent occupied at the time of sale. Madison Partners’ Bob Safai, Lynwood Fields and Joe King represented the seller in the lender-facilitated transaction, and Craig Newlands and T.C. Macker of Coldwell Banker Commercial WESTMAC represented the buyer, 12304 Santa Monica Blvd LLC.

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