Updated Oct 29, 2024
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
About this deal
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.
On the Map
$4,050,000
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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