Updated Oct 29, 2024
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
About this deal
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.
On the Map
$3,820,000
$530/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
4.15%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93