Updated Oct 28, 2024
GD Realty Group Acquires Mixed-Use Property In Santa Monica, CA For $16.5M
3032 Wilshire Boulevard
$16,500,000
$1,375/SF
Building Size
12,000 SF
Asset Type
Mixed-use
Closing
Oct 12, 2022
About this deal
AI
Located at 3032 Wilshire Blvd in Santa Monica, CA, this mixed-use property has recently been sold in a transaction. The property spans 12,000 square feet and was sold for a total price of $16,500,000, resulting in a price per square foot of $1,375. The sale took place on 10/12/2022.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $16,500,000
- Square Footage: 12,000
- Price per Square Foot: $1,375
- Address: 3032 Wilshire Blvd, Santa Monica, CA
- Market: Santa Monica, CA
The buyer of this property is GD Realty Group, represented by Arash Danialifar. On the seller's side, Strategic Realty Trust facilitated the transaction. Tim Kuruzar and Bryan Ley from JLL acted as the brokers for this deal.
Note: No other additional information has been provided about this transaction.
Players
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93