Rockwood Capital Acquires Santa Monica Office Building For $65.7M

The office building located at 1314 7th Street in Santa Monica has been sold in a closed transaction for a price of $65,700,000. Spanning across 58,000 square feet, the property was purchased at a rate of $1,100 per square foot.

Summary of transation details

• Property Type: Office
• Transaction Amount: $65,700,000
• Address: 1314 7th Street
• Market: Santa Monica

Rockwood Capital represented by Walter P. Schmidt acted as the buyer for this transaction. On the seller's side, DivcoWest Real Estate Investments, represented by Stuart Shiff, finalized the deal. The brokerage team at JLL, consisting of Andrew Harper, Michael Leggett, Doug Bond, and Matt McRoskey, facilitated this transaction.