Deka Immobilien Acquires Retail Property In Santa Monica For $54.3M

The property involved in this closed transaction is a retail asset located at 2121 Cloverfield Blvd. in Santa Monica. The property spans 29,064 square feet and was sold for a price of $54,300,000, resulting in a price per square foot of $1,868.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $54,300,000
• Address: 2121 Cloverfield Blvd., Santa Monica
• Market: Santa Monica

The buyer in this transaction was Deka Immobilien, represented by Driss Oualkadi. The seller's representatives were Gleb Lvovich, Geoff Tranchina, Bryan Ley, and Dan Tyne from JLL.