-- Saxum West completed the off-market acquisition of a prime 7,100-square-foot retail property located at 10844 Washington Boulevard in Culver City, California. The $4.45 million transaction reflects growing demand for well-located, flexible-use properties in walkable, transit-connected neighborhoods. The building, originally constructed in 1960, sits along a major commercial corridor with daily traffic counts exceeding 29,000 vehicles.
Joe Bolognese of Saxum West represented the buyer, Josetta Sbeglia, while Greg Eckhardt of PAR Commercial Brokerage represented the seller, Diane Bloomer. The building sold at approximately $626 per square foot.
Located just west of Overland Avenue, the property offers prominent street exposure, convenient metered parking options, and easy access to major Culver City amenities including Whole Foods, the Culver Steps, Ivy Station, and downtown Culver City.
Culver City Retail Property Overview:
- Property Type: Retail (Storefront/Office)
- Location: 10844 Washington Blvd, Culver City, CA
- Building Size: 7,100 SF
- Lot Size: 6,756 SF
- Sale Price: $4,450,000
- Price Per SF: $626
- Buyer: Josetta Sbeglia
- Seller: Diane Bloomer
- Buyer's Representative: Joe Bolognese (Saxum West)
- Seller's Representative: Greg Eckhardt (PAR Commercial Brokerage)
The site's strategic location provides immediate access to the 10 Freeway, Metro E Line stations, and major Westside commuter routes. Retailers and tenants benefit from strong local demographics, a growing creative and tech employment base, and a dense amenity core within walking distance. Properties offering strong frontage, flexible footprint potential, and transit access remain limited in Culver City’s tight retail submarket, making this transaction a strategic long-term investment move.
The transaction reflects continued interest in urban retail assets with long-term redevelopment potential and highlights the role of experienced brokers in facilitating off-market acquisitions.
For a deeper look at the the Culver City retail acquisition, view the complete case study: https://saxumwest.com/prime-culver-city-retail-sale-washington-boulevard/
About Saxum West:
Saxum West is a Los Angeles-based commercial real estate firm offering brokerage and debt placement services across Southern California. With over 35 years of experience, the firm represents investors, developers, landlords, tenants, and business owners in the acquisition, disposition, and leasing of office, industrial, retail, multifamily, and land assets. Saxum West also arranges debt and structured financing through a broad network of bridge lenders, debt funds, private investors, banks, credit unions, and life insurance companies. The firm has completed over 1,300 debt transactions and 280 commercial sales and lease deals, with more than $1 billion in financing volume and $225 million in closed sales.
About Us: Commercial Lending News is a media site providing commercial real estate updates including lending, banking, finance, commercial loans, interest rates, REITs, acquisitions and technology affecting the industry.
Contact Info:
Name: Edward Winslow
Email: Send Email
Organization: US Commercial Lending News
Address: 135 West 36th Street NY, NY 10018
Phone: 203-912-7244
Website: https://uscommerciallending.com/
Release ID: 89161322
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