Updated Oct 29, 2024
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
$5,150,000
$774/SF
Building Size
6,650 SF
Asset Type
Retail
Closing
Feb 8, 2021
About this deal
AI
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
Santa Monica Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93