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929 Colorado Avenue

Lee & Associates Represents Buyer Spencer Horak & Andrew Doan In Santa Monica Office Sale For $6M
SOLDOffice

Lee & Associates Represents Buyer Spencer Horak & Andrew Doan In Santa Monica Office Sale For $6M

929 Colorado Avenue

$6,000,000

$231/SF

Building Size

25,931 SF

Asset Type

Office

Closing

Jun 6, 2025

AI

The property asset involved in this transaction is an office space located at 929 Colorado Avenue in Santa Monica. The sale price was $6,000,000, with a total square footage of 25,931, resulting in a price per square foot of $231.

Summary of transaction details:

This transaction involved multiple representatives from Lee & Associates, highlighting the collaboration between various agents in facilitating the deal. Spencer Horak and Andrew Doan represented the buyer, while the seller was represented by a team comprising Keith Fielding, Tibor Lody, Aleks Trifunovic, Tommy Isola, and Adam Levine.

Players

Spencer Horak

Lee & Associates

Broker

$11.2M

vol

2 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage

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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93