Updated Dec 21, 2023
Compass Broker Jennifer Okhovat Facilitates $7.7M Sale Of Santa Monica Office Building
1519 26th Street, Santa Monica, California 90404, United States
$7,725,000
$1,168/SF
Building Size
6,612 SF
Asset Type
Office
Closing
Jan 4, 2022
About this deal
AI
A Santa Monica office property located at 1519 26th St. has been sold for $7,725,000. The property spans a total area of 6,612 square feet, resulting in a price per square foot of $1,168. The transaction took place on January 5, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,725,000
- Address: 1519 26th St.
- Market: Santa Monica
The buyer of the property is Tony Reyes, while the seller is Ken Sherman. The deal was facilitated by broker Jennifer Okhovat from Compass.
On the Map
$7,725,000
$1,168/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
2.05%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93