Updated Dec 20, 2023
T.C. Macker Facilitates $31.5M Sale Of Development Site In Santa Monica
2501 Wilshire Boulevard
$31,500,000
$572/SF
Building Size
55,000 SF
Asset Type
Development Site
Closing
Jul 15, 2020
About this deal
AI
A development site in Santa Monica, located at 2501-2525 Wilshire Blvd., 1143, 1145 & 1151 25th St., 1142, 1148, & 1156-58 26th St., has been sold for a total of $31,500,000. The property spans approximately 55,000 square feet, with a price per square foot of $572. The transaction took place on July 15, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $31,500,000
- Address: 2501-2525 Wilshire Blvd., 1143, 1145 & 1151 25th St., 1142, 1148, & 1156-58 26th St.
- Market: Santa Monica
- Size: 55,000 square feet
- Price per square foot: $572
The sale of this development site was facilitated by T.C. Macker from WESTMAC Commercial Brokerage Company.
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93