700-716 Colorado Avenue, a redevelopment opportunity in the highly-coveted City of Santa Monica, has sold for $12,175,000.
700-716 Colorado Avenue is comprised of ±20,139-square feet of land with two buildings totaling ±20,348-square feet.
The property is located at the intersection of Colorado Avenue and 7th Street, walking distance to the Metro’s Expo Light Rail Station and Santa Monica’s Third Street Promenade.
“The close proximity to the Metro line and to Downtown Santa Monica makes this area ripe for continued growth,” said T.C. Macker.
T.C. Macker, CCIM and Christian C. Holland of WESTMAC Commercial Brokerage Company represented the Buyer. Jeffrey Nason of Nason Realty & Investment Company, Inc. represented the Seller.