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A single-tenant property occupied by New York-based ice cream shop Ample Hills Creamery in Los Feliz has traded hands for $1,735 per square foot between two private investors. The per-square-foot sales price is one of the highest prices paid for a single-tenant property in the Hollywood/Silverlake market of Los Angeles.

The property totals 2,204 square feet and also features a 1,828-square-foot patio seating area. The total sales price was $3.825 million, representing a cap rate of 5.17%. It has been fully occupied since October 2018.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. He work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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