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1655 Euclid Street, Santa M...

Redcar Ltd Acquires Office In Santa Monica For $6.3M With Buyer's Rep Jim Jacobsen And Seller's Rep George Wilson, David Wilson & Brad McCoy
SOLDOffice

Redcar Ltd Acquires Office In Santa Monica For $6.3M With Buyer's Rep Jim Jacobsen And Seller's Rep George Wilson, David Wilson & Brad McCoy

1655 Euclid Street, Santa Monica, CA 90404

$6,300,000

$969/SF

Building Size

6,500 SF

Asset Type

Office

Closing

Dec 16, 2021

AI

Located at 1655 Euclid Street in Santa Monica, this office property was recently sold in a transaction on December 16, 2021. The asset spans 6,500 square feet and is situated in the Santa Monica market. The sale price for this property was $6,300,000, resulting in a price per square foot of $969.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $6,300,000
  • Address: 1655 Euclid Street
  • Market: Santa Monica

The buyer of this office property was Redcar Ltd, represented by Jim Jacobsen. On the other hand, the seller was David Zander. Redcar Ltd was guided by Scott Rigsby and Richard Maloof from Industry Partners as their representatives in the deal. David Zander was represented by George Wilson, David Wilson, and Brad McCoy from Lee & Associates West LA Inc. in the transaction.

Please refer to the provided Instagram link for a visual representation of the property and the individuals involved in the sale.

Players

Brad McCoy

Lee & Associates

Broker

$631.9M

vol

44 deals

Broker
Jim Jacobsen

Jim Jacobsen

Redcar Ltd

Buyer

$94.9M

vol

6 deals

Buyer
David Zander

David Zander

Seller

$261.1M

vol

11 deals

Seller

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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93