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801 Wilshire Boulevard

Updated Jun 13, 2025

Ron Harari Of Tova Capital And Shopton Capital Acquires Santa Monica Retail Building For $5.5M
SOLDRetail

Ron Harari Of Tova Capital And Shopton Capital Acquires Santa Monica Retail Building For $5.5M

801 Wilshire Boulevard

$5,500,000

$733/SF

Building Size

7,500 SF

Asset Type

Retail

Closing

Jun 13, 2025

About this deal

AI

A retail building located at 801-805 Wilshire Boulevard in Santa Monica was acquired for $5,500,000. The property measures 7,500 square feet, resulting in a price per square foot of $733. The asset has 40% leased space occupied by the Commercial Bank of California, with plans for renovations to fill the remaining spaces as the local retail environment improves.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,500,000
  • Sale Price per Square Foot: $733
  • Square Footage: 7,500
  • Address: 801-805 Wilshire Boulevard
  • Market: Santa Monica
  • Buyer: Ron Harari - Tova Capital; Shopton Capital
  • Brokers: Luc Hawkshaw, Eric Mandell & Jeffrey Ahn - Ally Commercial Real Estate

The joint venture of Tova Capital and Shopton Capital, represented by Ally Commercial Real Estate, seeks to enhance the property after acquiring it. Ryan Gurman from CBRE will oversee leasing efforts for the space not currently occupied.

On the Map

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$5,500,000

$733/SF

Retail

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Players

Luc Hawkshaw

Ally Commercial Real Estate

Broker

$171.2M

vol

26 deals

Broker
Ally Commercial Real Estate
Ally Commercial Real EstateBrokerage

Ron Harari

Tova Capital

Buyer

$17.9M

vol

3 deals

Buyer
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Santa Monica Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $733 per square foot on a published $5.5M for 7,500 square feet (2025).

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Browse Santa Monica retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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