Project Description

Bob Safai, Lynwood Fields and Brad Schlaak represent the seller of Joseph Youngerman Building in Los Angeles California.

CIM Group LP purchased the Joseph Youngerman Building at 8436 W. 3rd Street in Los Angeles, CA for $14 million, or about $369 per square foot, from the Directors Guild of America, Inc.

Built in 1983, the nine-story office building totals 38,962 square feet on three-tenths of an acre in the West Hollywood submarket. The asset, renovated in 1995, was just 30 percent occupied at the time of the sale.