Community Corporation Of Santa Monica Acquires Retail Property In Santa Monica For $5.25M

The property asset involved in the transaction is located at 2120 Lincoln Blvd in Santa Monica, comprising a retail space with a total lot size of 14,087 square feet. The transaction was completed at a price of $5.25 million, resulting in a price per square foot of $372.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5.25M
• Lot Size: 14,087 SF
• Price per Square Foot: $372
• Seller: NGN Properties
• Buyer: Community Corporation of Santa Monica
• Brokers: Oron Maher - Maher Commercial Realty
• Brokers: Filipe Niculete & Aida Memary - LA Apartment Advisors

The deal involved key representatives from the respective organizations, including Oron Maher representing Maher Commercial Realty for the seller and the buyer was represented by Filipe Niculete and Aida Memary from LA Apartment Advisors. Each broker played a vital role in facilitating the transaction to finalize the deal.