Updated Oct 29, 2024
1317 5th Street In Santa Monica Sold For $9.6M To 1317 5th Street Investors LLC
1317 5th Street, Santa Monica, CA, USA
$9,649,000
$1,206/SF
Building Size
8,000 SF
Asset Type
Office
Closing
Nov 8, 2018
About this deal
AI
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.
On the Map
$9,649,000
$1,206/SF
Office
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Players
Santa Monica Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93