Privately-owned real estate company Bolour Associates, Inc. (BOLOUR) has purchased a two-story, 32,500-square-foot mixed-use building in Hollywood, CA. The property was acquired for just under $14 million or $421 per-square-foot.

Located at 6432 Santa Monica Blvd, the property sits within the Hollywood Media District, directly between Paramount and Netflix studios. “BOLOUR secured this property at a very attractive price, allowing us to confidently enter into this neighborhood, which is quickly becoming a go-to location for production-related companies,” said BOLOUR CEO Mark Bolour.

The building includes 17,500 square feet of ground floor retail and second story office space. It is currently 100% occupied by tenants ranging from creative management and casting to production equipment rentals and photography studios. The property is also within walking distance to many retail outlets, hotels and apartment complexes.

Brandon Michaels, Matthew Luchs and Andrew Leff of Marcus & Millichap represented both BOLOUR and the seller in the transaction.