Private Investor Acquires Property On Lincoln Blvd, Santa Monica For $4.05M
911 Lincoln BLVD, Santa Monica, CA...
$4,050,000
Building Size
—
Asset Type
—
Closing
Nov 20, 2023
AI
The property at 911 Lincoln Blvd, Santa Monica, CA was successfully sold in a transaction amounting to $4,050,000.00. The buyer, represented by Kimberly Stepp of Stepp Commercial, acquired the property from the Unknown Family Trust in Santa Monica.
Summary of transaction details:
- Property Type: N/A
- Transaction Amount: $4,050,000.00
- Market: Santa Monica
- Buyer's Rep: Kimberly Stepp (Stepp Commercial)
- Buyer: Private Investor
- Seller: Unknown Family Trust
The successful sale of the property located at 911 Lincoln Blvd, Santa Monica, CA, involved a private investor as the buyer and the representation of Kimberly Stepp from Stepp Commercial. The seller in this transaction was the Unknown Family Trust.
Players
Santa Monica CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93