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Lee & Associates Brokers Sell Santa Monica Office Building For $15M

Property Image
SOLD
$15,000,000
George Wilson
David (Dave) Wilson
Brad McCoy

California

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Office8,227 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Lee & Associates Brokers Sell Santa Monica Office Building For $15M

1663 Euclid Street

See Similar Deals
Office8,227 SF
Sold
George Wilson
David (Dave) Wilson
Brad McCoy
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1823
Total Square Footage:8227 SF
Transaction Type:Sale

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.

Players

Brad McCoy
Lee & Associates
Brad McCoy
44 deals$631.9M volume
BROKER
David (Dave) Wilson
Lee & Associates
David Wilson
33 deals$558.8M volume
BROKER
George Wilson
Lee & Associates
George Wilson
14 deals$175.2M volume
BROKER

Details

SOLD
IMAGE: Brad McCoy, David (Dave) Wilson, George Wilson DATE: 02/06/2023 ADDRESS: 1663 Euclid Street MARKET: Santa Monica ASSET TYPE: Office BROKERS: Brad McCoy (Bradfordmccoy) - Lee & Associates, David (Dave) Wilson (Creativeoffice365) - Lee & Associates, George Wilson (Og_georgewilson) - Lee & Associates SALE PRICE: $15,000,000 SF: 8,227 ~ PPSF: $1,823 &Associates (Dave)Wilson &Associates &Associates

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$799,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83