Updated Sep 9, 2024
Lee & Associates Brokers Sell Santa Monica Office Building For $15M
1663 Euclid Street
$15,000,000
$1,823/SF
Building Size
8,227 SF
Asset Type
Office
Closing
Feb 6, 2023
About this deal
AI
Located at 1663 Euclid Street in Santa Monica, this office property has recently been sold. The transaction was facilitated by Brad McCoy, David (Dave) Wilson, and George Wilson, representatives from Lee & Associates.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,000,000
- Square Footage: 8,227
- Price per Square Foot: $1,823
- Market: Santa Monica
The office property on 1663 Euclid Street was purchased for a price of $15,000,000, with a total area of 8,227 square feet. The representatives from Lee & Associates, Brad McCoy, David (Dave) Wilson, and George Wilson, played a key role in facilitating the transaction.
On the Map
$15,000,000
$1,823/SF
Office
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Players
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93