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1703 Ocean Park Blvd Santa Monica Retail Property Sold For $5.15M By F&F Family Trust, Represented By Spencer Horak @Spencer_Horak Eewestla

Property Image
SOLD
$5,150,000

California

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Retail6,650 SF
Sold 02/09/2021
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Property Image
SOLD

1703 Ocean Park Blvd Santa Monica Retail Property Sold For $5.15M By F&F Family Trust, Represented By Spencer Horak @Spencer_Horak Eewestla

1703 Ocean Park Blvd, Santa Monica, CA, USA

See Similar Deals
Retail6,650 SF
Sold 02/09/2021
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$774
Total Square Footage:6,650 SF
Transaction Type:Sale

The retail property located at 1703 Ocean Park Blvd in Santa Monica has been sold for a price of $5,150,000. The transaction took place on February 9, 2021. The property spans an area of 6,650 square feet, resulting in a price per square foot of $774. The buyer of the property is listed as 1703 Ocean Park, while the seller is F&F Family Trust. The deal was facilitated by broker Spencer Horak from eewestla.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,150,000
  • Date: 02/09/2021
  • Address: 1703 Ocean Park Blvd
  • Market: Santa Monica

Spencer Horak, represented by @Spencer_Horak and eewestla, played a crucial role in the transaction as the broker involved. Their expertise and negotiation skills contributed to the successful completion of the deal.

Players

Spencer Horak
2 deals$11.2M volume
BROKER

SELLER

Details

SOLD
IMAGE: Spencer Horak DATE: 02/09/2021 ADDRESS: 1703 Ocean Park Blvd MARKET: Santa Monica ASSET TYPE: Retail BUYER: 1703 Ocean Park SELLER: F&F Family Trust BROKER: Spencer Horak @Spencer_Horak - @Leewestla SALE PRICE: $5,150,000 SF: 6,650 ~ PPSF: $774

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$274,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,296.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,413.63
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