1317 5th Street In Santa Monica Sold For $9.6M To 1317 5th Street Investors LLC
SOLD
$9,649,000
California
See Similar DealsOffice8,000 SF
Sold 11/09/2018
SOLD
1317 5th Street In Santa Monica Sold For $9.6M To 1317 5th Street Investors LLC
1317 5th Street, Santa Monica, CA, USA
See Similar DealsOffice8,000 SF
Sold 11/09/2018
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1,206
Total Square Footage:8,000 SF
Transaction Type:Sale
A sale transaction recently took place in Santa Monica involving an office property located at 1317 5th Street. The property, spanning 8,000 square feet, was sold for a price of $9,649,000, resulting in a price per square foot of $1,206. The transaction was completed on 11/09/2018.
Summary of transation details
- Property Type: Office
- Transaction Amount: $9,649,000
- Address: 1317 5th Street
- Market: Santa Monica
The seller in this transaction was 1317 5th Street Investors LLC, while the buyer was 1317 5th Street LLC. Both parties were represented by brokers David Pressberg and Kennedy Wilson from Century Park Real Estate.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$514,613.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,280.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,741.18
Annual Debt Service$548,894.19
Is there something missing? Send suggestions