David Pressberg Acquires Santa Monica Property For $7.5M

DGNC Group, a development firm based in Santa Monica, recently completed the sale of a property at 1327 5th St. The deal, facilitated by broker David Pressberg of David Pressberg Real Estate, took place on July 15, 2019. The property, spanning over 6,308 square feet, was sold for a total price of $7,500,000, resulting in a price per square foot of $1188. The transaction occurred in the Santa Monica market, known for its attractiveness to real estate investors.

Summary of transaction details:

• Property Type: Not mentioned
• Transaction Amount: $7,500,000
• Property Size: 6,308 square feet
• Price per Square Foot: $1188
• Address: 1327 5th St, Santa Monica
• Broker: David Pressberg - David Pressberg Real Estate

This successful transaction showcases DGNC Group's ability to navigate the real estate market in Santa Monica. With the expertise and representation provided by David Pressberg, both the buyer and seller were able to finalize the deal under favorable conditions. The sale of this property demonstrates the strength of the market and the value it holds for both investors and developers.