Grubb Properties & Allied Urban Acquire Retail Property On Santa Monica Blvd. For $12.5M

Grubb Properties and Allied Urban have acquired a retail property located at 700 Santa Monica Blvd in Santa Monica, Los Angeles. The transaction took place on 02/03/2022. The property spans approximately 10,500 square feet and was sold for a total of $12,500,000, resulting in a price per square foot of $1,190. The deal was facilitated by T.C. Macker and Christian C. Holland from WESTMAC Commercial Brokerage Company.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $12,500,000
• Square Footage: 10,500 sqft
• Address: 700 Santa Monica Blvd, Santa Monica, Los Angeles
• Market: Santa Monica

T.C. Macker and Christian C. Holland from WESTMAC Commercial Brokerage Company represented Grubb Properties and Allied Urban in the transaction. The acquisition of this retail property marks a significant investment in the Santa Monica market for the buyers.