Ryobi Holdings Acquires Office Building In Santa Monica For $16M
1545 26th Street, Santa Monica, CA 90404, USA
$16,000,000
$995/SF
Building Size
16,069 SF
Asset Type
Office
Closing
Mar 28, 2019
AI
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.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93