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
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