Dedeaux Properties Acquires Office Building In Santa Monica For $12M

An office property located at 1222 6th Street in Santa Monica has been sold in a transaction valued at $12,000,000. The property spans 11,468 square feet, resulting in a price per square foot of $1,046. The sale took place on 12/15/2022.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,000,000
• Address: 1222 6th Street
• Market: Santa Monica
• Buyer: Dedeaux Properties
• Seller: Maxxam Enterprises
• Brokers: Bob Safai - Madison Partners

Bob Safai from Madison Partners represented both the buyer, Dedeaux Properties, and the seller, Maxxam Enterprises, in this transaction. The deal represents a significant investment in the Santa Monica office market and highlights the confidence of both parties in the value of the property.