Daniel Lee And Erwin Bucy Acquire Retail Asset In Santa Monica For $12.6M

The asset involved in this transaction is a retail property located at 3202-3250 Pico Boulevard in the market of Santa Monica. The property spans a total square footage of 17,000 and was sold for a transaction amount of $12,600,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,600,000
• Address: 3202-3250 Pico Boulevard
• Market: Santa Monica
• Square Footage: 17,000
• Buyer: Daniel Lee & Erwin Bucy
• Seller: James Spear
• Brokers: Christine Baker, Kevin Bettinger & Erik Vogelzang - Matthews

The deal was facilitated by brokers Christine Baker, Kevin Bettinger, and Erik Vogelzang, who represented the respective parties in this transaction. The involvement of these brokers illustrates the collaborative efforts required to complete such property transactions.