Dedeaux Properties Acquires Office Building In Santa Monica For $12M
1222 6th street
Office
22,936 SF
22,936 SF
Sold 1 year ago
Summary
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.
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