NORTH RANCH OFFICE BUILDING IN WESTLAKE VILLAGE SELLS FOR $7.7M

LOS ANGELES — North Ranch Office Building in the Los Angeles submarket of Westlake Village has sold to Chippewa Enterprises for $7.7 million. The 45,000-square-foot building is located at 31225 La Baya Drive. It was 48 percent leased at the time of sale. Jeff and Travis Albeeof Sperry Van Ness represented both the all-cash exchange buyer and the unnamed seller in this transaction.