Vista Investment Group Acquires Retail Property In Santa Monica For $18.7M

The retail property located at 1334 Third Street Promenade in Santa Monica has been sold for $18,700,000. The property spans a total area of 22,131 square feet, resulting in a price per square foot of $847. The transaction took place on October 23, 2020.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $18,700,000
• Square Footage: 22,131
• Price Per Square Foot: $847
• Address: 1334 Third Street Promenade, Santa Monica
• Market: Santa Monica

The buyer of the property is Vista Investment Group, while the seller is Third Street Limited. The deal was facilitated by the brokers Bob Safai, Matt Case, Brad Schlaak, and Randy Starr from Madison Partners.