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US 528 Arizona Owner, LLC Acquires Medical Office Building In Santa Monica For $5M

Property Image
SOLD
$5,000,000

California

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Medical Office3,049 SF
Sold 05/15/2023
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Property Image
SOLD

US 528 Arizona Owner, LLC Acquires Medical Office Building In Santa Monica For $5M

520 Arizona Ave Santa Monica, CA 90401, USA

See Similar Deals
Medical Office3,049 SF
Sold 05/15/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$1,639
Total Square Footage:3,049 SF
Transaction Type:Sale

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

Mitchell (Mitch) Stokes
Avison Young
Mitchell Stokes
4 deals$22.3M volume(310) 780-6909
BROKER

Details

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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