Updated May 12, 2025
Isaac Chen Acquires Office Asset At 1754 14th Street Santa Monica For $9.9M
1754 14th Street
$9,900,000
$990/SF
Building Size
10,000 SF
Asset Type
Office
Closing
Mar 4, 2025
About this deal
AI
The property asset involved in this transaction is an office located at 1754 14th Street in the Santa Monica market. The sale price of the asset was $9,900,000, encompassing a total area of 10,000 square feet, resulting in a price per square foot of $990.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,900,000
- Buyer: Isaac Chen
- Seller: Jessica Goodman
- Brokers: Brad McCoy & David Wilson - Lee & Associates
- Sale Price: $9,900,000
- Square Footage: 10,000
- Price Per Square Foot: $990
- Partial-interest Purchase: 53% for $5,247,000 at $990/SF
The deal was executed by Isaac Chen as the buyer and Jessica Goodman as the seller, with representation from brokers Brad McCoy and David Wilson of Lee & Associates. This transaction reflects a notable partial-interest acquisition in the Santa Monica market.
On the Map
$9,900,000
$990/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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93