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Real Estate, Santa Monica, Pets, New, Petco, Dogs

West L.A. Home Of Pooch Hotel Sells For $11.1 Million

Posted May. 30, 2014, 3:51 pm

Mirror Staff

A two-story building, which is the current location of the Petco-owned Pooch Hotel, has been sold for $11.1 million in a 1031 exchange, it was announced on May 30.

Located at 2250 Barrington Avenue in Los Angeles, the 18,000 square-foot building was purchased by Kanin Family Trust. The seller was 1240 Palmetto LLC.

Mollie Shea Dietsch of the Commerce office of Lee & Associates, represented the buyer, who plans to operate the two-story building as a leased investment.

“Westside property of all types are in high demand,” said Dietsch. “With this demand comes the increase of values on both the sale and leasing of side.”

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May. 31, 2014, 11:56:41 am

Chris said...

1031x.com

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