Ryobi Holdings Acquires Office Building In Santa Monica For $16M
SOLD
$16,000,000
California
See Similar DealsOffice16,069 SF
Sold 03/29/2019
SOLD
Ryobi Holdings Acquires Office Building In Santa Monica For $16M
1545 26th Street, Santa Monica, CA 90404, USA
See Similar DealsOffice16,069 SF
Sold 03/29/2019
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$995
Total Square Footage:16,069 SF
Transaction Type:Sale
Ryobi Holdings has acquired an office property in Santa Monica at 1545 26th St for a price of $16,000,000. The property spans across 16,069 square feet and was sold by Prototype Industries. The transaction took place on 03/29/2019. The office asset is located in a vibrant market in Santa Monica.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $16,000,000
- Address: 1545 26th St
- Market: Santa Monica
The deal was facilitated by A.J. Dorn and Steven Salas, who represented Ryobi Holdings as their brokers in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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