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2825 Santa Monica BLVD, San...

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

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

2825 Santa Monica BLVD, Santa Moni...

$156,000,000

$1,457/SF

Building Size

107,000 SF

Asset Type

Office

Closing

May 23, 2022

AI

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 Bodnar

CBRE

Broker

$2.6B

vol

24 deals

Broker

Harrison Street

Buyer

$604.1M

vol

11 deals

Buyer

Market Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93