Madison Partners Facilitates $14M Sale of 53,410 SF Office Building in Los Angeles
LOS ANGELES — Madison Partners has arranged the sale of an office building located at 5955 De Soto Ave. in the Warner Center submarket of Los Angeles. Majestic Asset Management sold the property to a private trust for $14 million, or $262 per square foot.
Situated at the corner of De Soto Avenue and Oxnard Street, the two-story building features 53,410 square feet of Class B office space. At the time of sale, the property was 97 percent leased.
Bob Safai, Matt Case and Brad Schlaak of Madison Partners represented the seller, while Chuck Wilson and Brian Chastain of Colliers International, along with Brian Forster of Pacific Partners Commercial, represented the buyer in the transaction.