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1757 Stanford Street

Marc Bretter Of Maywood Property Group Represents Buyer In $18.5M Santa Monica Industrial Sale
SOLDIndustrial

Marc Bretter Of Maywood Property Group Represents Buyer In $18.5M Santa Monica Industrial Sale

1757 Stanford Street & 1716 Berkeley Street

$18,500,000

$391/SF

Building Size

47,249 SF

Asset Type

Industrial

Closing

Feb 26, 2025

AI

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.

Players

Aleks Trifunovic

Lee & Associates

Broker

$114M

vol

6 deals

Broker

Santa Monica Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93