Compass Broker Jennifer Okhovat Facilitates $7.7M Sale Of Santa Monica Office Building
SOLD
$7,725,000
California
See Similar DealsOffice6,612 SF
Sold 01/05/2022
SOLD
Compass Broker Jennifer Okhovat Facilitates $7.7M Sale Of Santa Monica Office Building
1519 26th Street, Santa Monica, California 90404, United States
See Similar DealsOffice6,612 SF
Sold 01/05/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1,168
Total Square Footage:6,612 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$412,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,445.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,620.44
Annual Debt Service$439,445.29
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