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:
- Property Type: Office
- Transaction Amount: $6,000,000
- Square Footage: 25,931
- Price Per Square Foot: $231
- Market: Santa Monica
- Buyer's Representative: Spencer Horak & Andrew Doan - Lee & Associates
- Seller's Representatives: Keith Fielding, Tibor Lody, Aleks Trifunovic, Tommy Isola & Adam Levine - Lee & Associates
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
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