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
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