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2901 Wilshire BLVD, Santa M...

Golden West Properties Acquires Mixed-Use Property On Wilshire Blvd In Santa Monica
SOLDMixed-use

Golden West Properties Acquires Mixed-Use Property On Wilshire Blvd In Santa Monica

2901 Wilshire BLVD, Santa Monica, CA...

Building Size

45,881 SF

Asset Type

Mixed-use

Closing

Nov 20, 2023

AI

The Yale-Wilshire Medical Building is a mixed-use property located at 2901 Wilshire Blvd in Santa Monica, CA. This asset includes a medical office building with a total square footage of 45,881 and features 6,700 square feet of ground-floor retail space. The property was sold by Yale Wilshire LTD to an affiliate of Golden West Properties.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Undisclosed
  • Address: 2901 Wilshire Blvd, Santa Monica, CA
  • Market: Santa Monica
  • Seller's Representative: Mark Esses - California Realty Group
  • Buyer: Golden West Properties

Mark Esses of California Realty Group represented the seller, Yale Wilshire LTD, in this transaction, facilitating the transfer of ownership to Golden West Properties. The deal highlights the involvement of California Realty Group in managing property sales in the competitive Santa Monica market.

Players

Mark Esses

California Realty Group

Broker

$41.5M

vol

2 deals

Broker

Santa Monica Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93