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Leo Pustilnikov Acquires Retail/Office Property In Santa Monica For $11.2M

Property Image
SOLD
$11,168,000
Sam Aaron
Kyle Woods
Dan Riley
+ 5

California

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Mixed-use16,168 SF
Sold 05/07/2021
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Property Image
SOLD

Leo Pustilnikov Acquires Retail/Office Property In Santa Monica For $11.2M

174 Kinney St, Santa Monica, CA, USA

See Similar Deals
Mixed-use16,168 SF
Sold 05/07/2021
Sam Aaron
Kyle Woods
Dan Riley
+ 5
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$690
Total Square Footage:16,168 SF
Transaction Type:Sale

Located in Santa Monica, the retail/office property at 174 Kinney St. & 169-174 Pier Ave. has been sold in a closed transaction. The property spans 16,168 square feet and was sold for a price of $11,168,000, resulting in a price per square foot of $691. The deal was finalized on May 7, 2021.

Summary of transation details

  • Property Type: Retail/Office
  • Transaction Amount: $11,168,000
  • Address: 174 Kinney St. & 169-174 Pier Ave., Santa Monica
  • Market: Santa Monica

The buyer of the property is Leo Pustilnikov, while the seller is Liberty Fish Partners. The deal was facilitated by a team of brokers, including Dan Riley, Bill Durslag, and Simon Mattox from Simon Mattox, Austin Wolitarsky from Wallyboyuee, Kyle Woods from Kwoodz_, Sam Aaron from CBRE, and Austin Herlihy from Radius Group.

Players

Simon Mattox
Kidder Mathews
Simon Mattox
20 deals$414.9M volume
BROKER
Dan Riley
CBRE
Dan Riley
17 deals$524.7M volume
BROKER
Bill Durslag
CBRE
Bill Durslag
17 deals$391.9M volume
BROKER
Austin Wolitarsky
CBRE
Austin Wolitarsky
21 deals$465.1M volume
BROKER
Austin Herlihy
Austin Herlihy
2 deals$33.7M volume
BROKER
Kyle Woods
CBRE
Kyle Woods
15 deals$375.7M volume
BROKER
Sam Aaron
CBRE
Sam Aaron
5 deals$34.6M volume
BROKER
LP
Leo Pustilnikov
4 deals$88.4M volume
BUYER

Details

SOLD
IMAGE: Dan Riley, Bill Durslag, Austin Wolitarsky, Sam Aaron, Simon Mattox, Kyle Woods, & Austin Herlihy DATE: 05/07/2021 ADDRESS: 174 Kinney St. & 169-174 Pier Ave. MARKET: Santa Monica ASSET TYPE: Retail/Office BUYER: Leo Pustilnikov SELLER: Liberty Fish Partners BROKERS: Dan Riley, Bill Durslag, Simon Mattox @SimonMattox, Austin Wolitarsky @Wallyboyuee, Kyle Woods @Kwoodz_, Sam Aaron - CBRE & Austin Herlihy @AustinHerlihy - Radius Group SALE PRICE: $11,168,000 SF: 16,168 ~ PPSF: $691

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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