Scott Walter Acquires Development Site In Santa Monica For $40M

A development site located at 1723 Cloverfield Boulevard in Santa Monica has been sold for $40,000,000. The property spans a total of 59,159 square feet, resulting in a price per square foot of $676. The transaction took place on February 1, 2023, involving the buyer, Scott Walter, and the seller, Michael Savoy.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $40,000,000
• Address: 1723 Cloverfield Boulevard
• Market: Santa Monica
• Lot Size: 59,159 square feet
• Price per Square Foot: $676

The deal was facilitated by several brokers. T.C Macker, Jennifer Moscoso, and Colin Fields from WESTMAC Commercial Brokerage Company represented the buyer, Scott Walter, while Willa Fields from Beitler Commercial Realty Services represented the seller, Michael Savoy.