Commercial Real Estate, CRE News

Just Sold in Downtown Santa Monica

Tagged: , , , , , , ,

Santa Monica, CA – An overseas buyer has purchased a 7,500 square foot commercial lot located at 1448 7th Street, near the corner of Santa Monica’s 7th and Broadway. The buyer purchased the property in “As Is” condition with plans for future redevelopment.

The property sold for $4,000,000. “Developers have been transforming the area for some time now.” T.C. Macker, CCIM said. “Our seller was able to achieve a high price on land at $533 per square foot.”

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented both the Buyer and the Seller.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s