SOLDOffice
David Zander Acquires Santa Monica Office Building From Hudson Pacific Properties For $32.5M
604 Arizona Avenue
$32,494,900
$695/SF
Building Size
46,707 SF
Asset Type
Office
Closing
Aug 25, 2023
AI
A 46,707 square foot office property located at 604 Arizona Ave in Santa Monica has been sold for $32,494,900. The asset was purchased by David Zander from Hudson Pacific Properties.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $32,494,900
- Square Footage: 46,707
- Price Per Square Foot: $696
- Address: 604 Arizona Ave, Santa Monica
- Market: Santa Monica
Brad McCoy, David Wilson, and George Wilson from Lee & Associates represented David Zander as his buyer's representatives in the deal.
Players
Rochester 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93