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Flax Foundation Finds Four Flex Buildings in Culver City

Trust Trades Portfolio for $15 Million
The Class C flex building was built in 1955 on half an acre in the Westside industrial market of Los Angeles County. (CoStar)
The Class C flex building was built in 1955 on half an acre in the Westside industrial market of Los Angeles County. (CoStar)
By Chris Bundy
CoStar Research
May 4, 2022 | 4:10 P.M.

The Flax Foundation acquired four flex buildings at 11812-11818 Teale St. and 5631-5649 Mesmer Ave. in Culver City, California, for $15 million, or about $629 per square foot, from a family trust.

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