Dave Koral Acquires Development Site On 16th Street, Santa Monica, For $3.6M

A development site located at 432 16th Street in Santa Monica (N. of Montana) has been sold in a recent transaction. The property spans 7,500 square feet and has a building square footage of 1,718. The sale price for this development site was $3,611,000, resulting in a price per square foot of $481.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $3,611,000
• Buyer: Dave Koral
• Seller: Edith Seros Trust
• Broker: Derrick J. Smith - Coldwell Banker @TheSmithAssociates

Dave Koral acquired this development site from the Edith Seros Trust. The transaction was facilitated by Derrick J. Smith from Coldwell Banker at The Smith Associates.