Wey Investments Sells Office Building In Venice For $3.82M With Buyer's Rep Zacuto Group
2434 Lincoln Blvd, Santa Monica, CA 90405, USA
$3,820,000
$530/SF
Building Size
7,208 SF
Asset Type
Office
Closing
Jul 7, 2020
AI
Wey Investments, a property investment company, recently sold an office space located at 2434 Lincoln Boulevard in Venice. The property was sold for a total price of $3,820,000. Spanning across 7,208 square feet, the office was valued at an average price per square foot of $529.97.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,820,000
- Address: 2434 Lincoln Boulevard
- Market: Venice
The deal was facilitated by Jake Zacuto, Andrew Sinasohn, and Connor Sears from the Zacuto Group, who represented the buyer in the transaction.
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
4.15%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93