LOS ANGELES AND PETALUMA, CALIF. — NAI Capital’s Encino, Calif., office has recently completed two transactions in Los Angeles and Petaluma. In the first transaction, the Housing Authority of the City of Los Angeles acquired a 22,156-square-foot office property, which is located at 6946 Van Nuys Blvd. in Los Angeles. Kept LLC sold the property for $3.5 million. Cathy Scullin of NAI Capital represented the buyer; Grubb & Ellis represented the seller in the transaction.
In the second transaction, Sixth and Union LLC purchased a portion of a 23,022-square-foot senior-living facility in a $1 million TIC investment. The facility, which specializes in dementia, is located at 750 N. McDowell Blvd. in Petaluma. J. Richard Leyner of NAI Capital represented the buyer; the seller, Wilkinson 1031 LLC, was self-represented in the transaction.