Unilev Capital Acquires Retail Property In Santa Monica For $10M From Seller JP Morgan Chase

The property involved in this transaction is a retail asset located at 1705 & 1755 Ocean Ave. in Santa Monica. The sale took place on April 28, 2021. The property spans 19,708 square feet and was sold for a price of $10,000,000, resulting in a price per square foot of $507. The buyer in this transaction is Unilev Capital, represented by Raymond Levy, Ian Konowitch, and Pete Berges. The seller is JP Morgan Chase. The brokers involved in the deal are Bryan Ley and Tony Ensbury from JLL.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,000,000
• Address: 1705 & 1755 Ocean Ave., Santa Monica
• Square Footage: 19,708
• Price per Square Foot: $507
• Buyer: Unilev Capital - Raymond Levy, Ian Konowitch & Pete Berges
• Seller: JP Morgan Chase
• Brokers: Bryan Ley & Tony Ensbury - JLL

The individuals and companies involved in this transaction include Unilev Capital as the buyer, represented by Raymond Levy, Ian Konowitch, and Pete Berges. The seller is JP Morgan Chase, and the brokers who facilitated the deal are Bryan Ley and Tony Ensbury from JLL.