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Westside Community & Cultural Center Purchases Retail Property In Santa Monica For $3,044,250

Property Image
SOLD
$3,044,250
Woody Cook
T.C. Macker
+ 2

California

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Retail6,270 SF
Sold 01/31/2025
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Property Image
SOLD

Westside Community & Cultural Center Purchases Retail Property In Santa Monica For $3,044,250

1231 4th Street

See Similar Deals
Retail6,270 SF
Sold 01/31/2025
Woody Cook
T.C. Macker
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$485
Total Square Footage:6,270 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 1231 4th Street, Santa Monica. This retail asset was sold for a transaction price of $3,044,250. The property encompasses an area of 6,270 square feet, resulting in a price per square foot of $485.

Summary of transaction details:

The transaction highlights the involvement of multiple representatives from WESTMAC Commercial Brokerage Company, indicating a collaborative effort in managing the sale. T.C. Macker and Woody Cook, along with Colin Fields, Willa McNamarra Fields, and Mike Rago, played significant roles in facilitating the transaction for the seller, Logan Beitler.

Players

T.C. Macker
65 deals$483.6M volume(310) 966-4352
BROKER

Woody Cook
WESTMAC Commercial Brokerage Company
22 deals$123M volume
BROKER

Colin Fields
WESTMAC Commercial Brokerage Company
5 deals$102.5M volume(310) 966-4357
BROKER

Willa McNamarra Fields
WESTMAC Commercial Brokerage Company
2 deals$41.2M volume(310) 966-4358
BROKER

Mike Rago
WESTMAC Commercial Brokerage Company
1 deal$3M volume(310) 966-4347
BROKER

Details

SOLD
IMAGE: T.C. Macker, Woody Cook, Willa McNamarra Fields, Colin Fields & Mike Rago DATE: 01/31/2025 ADDRESS: 1231 4th Street MARKET: Santa Monica ASSET TYPE: Retail BUYER: Westside Community & Cultural Center SELLER: Logan Beitler SELLER'S REP: T.C. Macker (@WestLACRE), Woody Cook (@WoodyCookcre), Colin Fields (@Colinthesaiyan), Willa McNamarra Fields (@WillaMcNamarra) & Mike Rago - WESTMAC Commercial Brokerage Company (@WestMac_CRE) SALE PRICE: $3,044,250 SF: 6,270 ~ PPSF: $485

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$162,360.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,815.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,431.30
Annual Debt Service$173,175.58