May 16, 2019 Comments (0) Views: 145 California News, Los Angeles

Brentwood Gateway Leasehold Trades for Nearly $60M

The leasehold interest sale of Brentwood Gateway, a 10-story, 104,716-square-foot Class A office property in Los Angeles’ Brentwood submarket, has traded hands. An unnamed private equity fund was the reported buyer from the estate of Fred Sands, with sources indicating pricing came in just south of $60 million.

Built in 1977 and located on .88 acres at 11611 San Vicente Blvd., the property features a four-level parking structure and is 99% occupied by a diverse mix of tenants. For the past 20 years, it has been the headquarters of Vintage Capital Group, a real estate and private equity firm founded by real estate legend Fred Sands, and prior to that the HQ of Fred Sands Realtors.

NKF’s Kevin Shannon, Ken White, Rob Hannan, Laura Stumm and Michael Moll represented the family trust seller. The undisclosed buyer was self-represented.

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