Marc Bretter Of Maywood Property Group Represents Buyer In $18.5M Santa Monica Industrial Sale
SOLD
$18,500,000
+ 2
California
See Similar DealsIndustrial47,249 SF
Sold 02/26/2025
SOLD
Marc Bretter Of Maywood Property Group Represents Buyer In $18.5M Santa Monica Industrial Sale
1757 Stanford Street & 1716 Berkeley Street
See Similar DealsIndustrial47,249 SF
Sold 02/26/2025
+ 2
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$391
Total Square Footage:47,249 SF
Transaction Type:Sale
The industrial property located at 1757 Stanford Street & 1716 Berkeley Street in Santa Monica has a sale price of $18,500,000. The asset spans a total square footage of 47,249, with a price per square foot totaling $391.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $18,500,000
- Address: 1757 Stanford Street & 1716 Berkeley Street
- Market: Santa Monica
- Square Footage: 47,249
- Price per Square Foot: $391
Marc Bretter from Maywood Property Group represented the buyer in this transaction. The seller was represented by a team consisting of Keith Fielding, Tibor Lody, Tom Isola, and Aleks Trifunovic from Lee & Associates.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$986,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,726.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,699.44
Annual Debt Service$1,052,393.26
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