Jake Zacuto of Stone-Miller has completed the sale of 41,000 SF of raw land for new multi-family development reported at 4140 Glencoe Avenue, Marina Del Rey. Glencoe sold for a remarkable $6.8M, or approximately $166/SF. The property is located in one of the most unique and fastest growing communities on the Westside. The Del Rey Loft District is one of the most up and coming areas in Los Angeles due to its urban and creative feel, and its central location between Santa Monica, Venice, and Marina Del Rey. This Glencoe property was one of few land developments to be transacted since the crash of the market in 2008. 4140 Glencoe is now surrounded by the Villa Marina Marketplace, which is home to Equinox and AMC Theater. Since the completion of this sale, undeveloped land in Marina Del Rey has been a scarce commodity due to the dynamic expansion that is being made in this area.