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2434 Lincoln Blvd, Santa Mo...

Wey Investments Sells Office Building In Venice For $3.82M With Buyer's Rep Zacuto Group
SOLDOffice

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

Connor Sears

Zacuto Group

Broker

$26.7M

vol

6 deals

Broker

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