Marcus & Millichap Negotiates $2.4M Sale of 7,840 SF Retail Property in Los Angeles
LOS ANGELES — Marcus & Millichap has arranged the sale of Vernon Square, a retail property located at 515 E. Vernon Ave. in Los Angeles. A limited liability company acquired the 7,840-square-foot asset from a private investor for $2.4 million. Built in 1988, the property features a stable tenant mix of local retailers.
Chris Martin of Marcus & Millichap’s West Los Angeles office represented the seller and buyer in the transaction.