facebook
Traded Co logo
Submit

Lee & Associates Represents Sale Of Santa Monica Office Building For $15M

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

California

See Similar Deals
Office8,227 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Lee & Associates Represents Sale Of 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

The office property located at 1663 Euclid Street in Santa Monica has been sold for $15,000,000. The property spans an area of 8,227 square feet, resulting in a price per square foot of $1,823.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $15,000,000
  • Square Footage: 8,227
  • Price per Square Foot: $1,823
  • Address: 1663 Euclid Street, Santa Monica
  • Market: Santa Monica

David (Dave) Wilson and George Wilson of Lee & Associates represented the buyer in this transaction. Brad McCoy, also from Lee & Associates, acted as the seller's representative.

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 BUYER'S REP: David (Dave) Wilson (@Creativeoffice365) & George Wilson (@Og_georgewilson) - Lee & Associates SELLER'S REP: Brad McCoy (@Bradfordmccoy) - Lee & Associates (@LeeandAssociates) SALE PRICE: $15,000,000 SF: 8,227 ~ PPSF: $1,823

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
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