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Harrison Street Acquires 107000 SF Property At 2825 Santa Monica Blvd For $156M

Property Image
SOLD
$156,000,000
Christopher (Chris) Bodnar
HS

National

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Office107,000 SF
Sold 05/23/2022
the dealplayerscompscontact
Property Image
SOLD

Harrison Street Acquires 107000 SF Property At 2825 Santa Monica Blvd For $156M

2825 Santa Monica BLVD, Santa Moni...

See Similar Deals
Office107,000 SF
Sold 05/23/2022
Christopher (Chris) Bodnar
HS
the dealplayerscompscontact
Contact now

Summary

Asset Type:Office
Price Per Square Foot:$1,457
Total Square Footage:107,000 SF
Transaction Type:Sale

The property at 2825 Santa Monica Blvd, Santa Monica, was sold for $156,000,000.00. It encompasses a total square footage of 107,000. This transaction reflects a strategic move within the real estate market, highlighting its significant asset value.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $156,000,000.00
  • Address: 2825 Santa Monica Blvd, Santa Monica
  • Square Footage: 107,000
  • Buyer: Harrison Street
  • Seller's Representative: Christopher (Chris) Bodnar, CBRE

The buyer, Harrison Street, plays a crucial role in this transaction, acquiring a notable property represented by Christopher (Chris) Bodnar from CBRE, who facilitated the sale process. Their involvement underscores the collaborative efforts inherent in high-value real estate transactions.

Players

Christopher (Chris) Bodnar
CBRE
Christopher Bodnar
24 deals$2.6B volume(720) 635-2653
BROKER
HS
Harrison Street
11 deals$604.1M volume
BUYER
HS
Harrison Street
11 deals$604.1M volume
BUYER
HS
Harrison Street
11 deals$604.1M volume
BUYER
HS
Harrison Street
11 deals$604.1M volume
BUYER

Details

SOLD
IMAGE: 2825 Santa Monica BLVD, Santa Moni... SELLER'S REP: Christopher (Chris) Bodnar(CBRE) BUYER: Harrison Street SELLER: PRICE: $156,000,000.00 SF: 107000

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

$8,320,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$554,235.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$739,519.59
Annual Debt Service$8,874,235.05