Commercial Real Estate

Sale in Venice


For Immediate Release – February 11, 2011

Production Company Purchases Venice Property

LOS ANGELES – A private owner has sold its 3,600 SF building at 533 Venezia Avenue for $1.8 million to a production company.

The one-story creative office building was built in 1948 and was vacant at time of sale. The building is a former warehouse that has been converted to creative office space.

“There is great buyer demand for creative buildings in Venice” Craig Newlands said.

T.C. Macker, CCIM and Craig Newlands, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller. Steven Rood of Century 21 represented the Buyer.