Commercial Real Estate

Just Sold in Santa Monica for $7.2M

Santa Monica, CA – A private seller has sold a two-story medical office building in an off-market sale for $7,200,000.

Located across the street from Santa Monica’s Providence St. John’s Health Center, the 14,000- square foot lot at 2216 Santa Monica Boulevard was purchased by an owner-user buyer. The buyer plans to occupy the first floor of the 5,296-square foot building.

“The property sold at $1,359 per square foot.” T.C. Macker, CCIM said. “This is the highest sales comp for a medical building in Santa Monica.”

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

Mike Rago, Barry Beitler and Willa McNamara-Fields of Beitler Commercial represented the Buyer.

#114 2216 Santa Monica Blvd $7.2M
Santa Monica, CA

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