Scooter Braun Acquires Santa Monica Office For $26M With Drew Meyers & Kurt Rappaport - Westside Estates Agency
3355 Barnard Way, Santa Monica, California 90405, United States
$26,000,000
$1,083,333/SF
Building Size
24 SF
Asset Type
Office
Closing
Jan 3, 2023
AI
An office property located at 3355 Barnard Way in Santa Monica has been sold for $26,000,000. The property spans a total of 24,000 square feet, resulting in a price per square foot of $1,083. The transaction took place on March 1, 2023, and the buyer of the property is Scooter Braun.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $26,000,000
- Address: 3355 Barnard Way, Santa Monica
- Square Footage: 24,000
- Price per Square Foot: $1,083
The deal was facilitated by Drew Meyers and Kurt Rappaport from Westside Estates Agency, who represented Scooter Braun 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93