US 528 Arizona Owner, LLC Acquires Medical Office Building In Santa Monica For $5M | 520 Arizona Avenue | Mitchell (Mitch) Stokes | Medical Office | Sale

Summary

Sale

CALIFORNIA

Medical Office

3,049 sqft

Avison Young has completed the sale of a medical office building in downtown Santa Monica for just under $5 million. The property, located at 520 Arizona Avenue, was acquired by US 528 Arizona Owner, LLC. The building spans 3,049 square feet and was sold at a price of $1,640 per square foot.

Summary of transaction details

Property Type: Medical Office
Transaction Amount: $5,000,000
Address: 520 Arizona Avenue
Market: Santa Monica

The seller of the property was 520 Arizona Ave. LLC. The transaction was facilitated by Mitch Stokes of Avison Young, who represented the buyer, US 528 Arizona Owner, LLC. The sale of the medical office building is part of a land assemblage for a future mixed-use development in downtown Santa Monica.

Players

All
2

Agents
1
Agencies
1

Mitchell (Mitch) Stokes

Principal

$22.3M Sold

Avison Young

Details

Deal Summary

SOLD

IMAGE: Mitch Stokes DATE: 05/15/2023 ADDRESS: 520 Arizona Avenue MARKET: Santa Monica ASSET TYPE: Medical Office BUYER: US 528 Arizona Owner, LLC SELLER: 520 Arizona Ave. LLC BROKER: Mitch Stokes - Avison Young SALE PRICE: $5,000,000 SF: 3,049 ~ PPSF: $1,640 NOTE: Avison Young has completed the sale of a medical office building in downtown Santa Monica for just under $5 million. The property was acquired by US 528 Arizona Owner, LLC as part of a land assemblage for a future mixed-use development, and Avison Young's Mitch Stokes facilitated the transaction.

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Address520 Arizona Avenue

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