$38.5M For Santa Monica Medical Office
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A modest-sized medical office building, located at Santa Monica Boulevard and Yale Street in Santa Monica, has traded for a big sum.
Stockdale Capital acquired 2825 Santa Monica Boulevard for $38.5 million, approximately $710 per square foot, in a deal brokered by Madison Partners. The building totals 54,246 square feet, and encompasses three stories.
Lincoln Property Company, Linwood Ventures and Artemis Real Estate Partners sold the 100-percent leased building. Madison’s Bob Safai, Matt Case, and Brad Schlaak brokered the transaction for the sellers.
The building is within Santa Monica’s dynamic and highly-coveted 1.5 million square foot medical office market.
- ◦Financing
- ◦Sale/Acquisition
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