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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.

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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