Collab Inc. Acquires Office Property In Santa Monica For $9.05M

Collab Inc., led by James McFadden and Soung Kang, has acquired an office property located at 1424 Lincoln Blvd. in Santa Monica. The property, spanning 8,026 square feet, was sold by Andrew Lessman for a total price of $9,050,000, resulting in a price per square foot of $1,127. The transaction was facilitated by Kevin Foley, Gary Stache, and Anthony DeLorenzo of CBRE, who represented Andrew Lessman as the seller's representatives.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $9,050,000
• Address: 1424 Lincoln Blvd., Santa Monica
• Square Footage: 8,026
• Price per Square Foot: $1,127
• Buyer: Collab Inc. - James McFadden & Soung Kang
• Seller: Andrew Lessman
• Seller's Representatives: Kevin Foley, Gary Stache & Anthony DeLorenzo - CBRE

This transaction marks the acquisition of the office property by Collab Inc., led by James McFadden and Soung Kang. Kevin Foley, Gary Stache, and Anthony DeLorenzo of CBRE played a pivotal role as the sellers' representatives in facilitating the deal.