Paley Commercial Real Estate is pleased to announce the sale of the property at 18444 Ventura Boulevard in Tarzana. The building, situated one block east of Reseda Boulevard, was a formerly used as automotive repair but will now be converted into office space. Both Jon Paley and Camille Paley handled the sale on behalf of the Seller and were able to achieve a staggering $657.00 per square foot for the fifty year old structure. The transaction proved extremely challenging due to the fact there had been an underground storage tank at the site and even though it had been removed, the original lender expressed concerns and ended backing out at the last moment. The Buyer was in the process of cancelling the escrow, when we were able to quickly locate replacement SBA Financier who successfully funded the transaction. It is this type of knowledge and expertise that separates Paley Commercial from all the other commercial real estate brokers.
Tarzana Commercial Real Estate is unique unto itself which is why we choose to specialize in the area more than 35 years ago and made us “The Area Experts.” If you are looking to sell, buy, lease, finance, or manage your commercial real estate, Paley Commercial can assist you. Whether it’s that hard to lease space or your tenants’ never-ending phone calls, allow us to lighten your load so you can spend more of your valuable time doing the things that you would prefer and not annoying property management issues. We are problem solvers who can take the burden of property ownership out of your hands and into ours.