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Saturday, Dec 2, 2023

North Hills Motel 6 Sells for $9 Million During Pandemic

The Motel 6 in North Hills has sold for $9 million in a transaction that opened and closed during the coronavirus pandemic, according to Calabasas-based brokerage Marcus & Millichap Inc. The 131,412-square-foot hospitality property is located at 15711 Roscoe Blvd. Marcus & Millichap Senior Managing Director Brandon Michaels and First Vice President Steven Schechter and Associate Sean Brandt in the Encino office held the exclusive listing to market the property on behalf of the seller, a limited liability company. The same team also represented the buyer, a private investor. “This transaction opened and closed during the coronavirus pandemic,” Marcus & Millichap said in a statement. “The brokerage team was able to align financing for the buyer in challenging times to consummate a sale.”

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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