WESTMAC Commercial Brokerage Company has arranged the sale of 3205 Ocean Park Boulevard in Santa Monica, California for $7,000,000.
3205 Ocean Park sold to a developer who is active in the area. The building is a +/- 16,700 square foot office building with ample parking for a total lot size of +/- 25,622 square feet. The property is located in Santa Monica, just north of Santa Monica Airport, with easy access to the 10 Freeway. The Buyer has proposed a 100+ unit apartment building for the site but will be subject to City approvals.
“During a time when development deals are limited, we were thrilled to be a part of this sale as the representatives of the seller,” said T.C. Macker. “We’re proud to have facilitated a sale that will not only benefit the buyer and seller but also contribute to the growth and vitality of the Santa Monica community. This sale underscores the continued growth and investment in this dynamic neighborhood and the dire need for more housing.”
T.C. Macker, CCIM and Woody Cook of WESTMAC Commercial Brokerage Company represented the Seller in this transaction. The Buyer was represented by Filip Niculete and Glen Scher of Marcus & Millichap.
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