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
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.
Players
Santa Monica Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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