Lee & Associates Represents Sale Of 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
AI
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
Market 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