The retail center located at 2031-2037 Wilshire Boulevard in Santa Monica was sold in an off-market transaction for $7,000,000. The property spans 3,149 square feet, with a price per square foot of $2,223. The sale was facilitated by Kennedy Wilson, with Christine Deschaine and Ed Sachse representing the brokerage. The buyer, Michael Sorochinsky of Cypress Equity Investments (CEI), acquired the property from the seller, Lorna Auerbach of Auerbach Realty Holdings.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,000,000
• Address: 2031-2037 Wilshire Boulevard
• Market: Santa Monica
• Square Footage: 3,149
• Buyer: Michael Sorochinsky - Cypress Equity Investments (CEI)
• Seller: Lorna Auerbach - Auerbach Realty Holdings
• Brokers: Christine Deschaine & Ed Sachse - Kennedy Wilson

The transaction also involved the future relocation plans for Noma Sushi, a long-time tenant at the retail center. This deal expands CEI's portfolio on the recently upzoned Wilshire Boulevard, marking a strategic acquisition for the buyer in Santa Monica's retail market.