WESTMAC Commercial Brokerage Company arranged the sale of 1708 17th Street, 1624 Olympic Blvd, and 1620 Olympic Blvd, in Santa Monica CA for $3,700,000 or $1,251 per square foot on October 12, 2022.
The Property is comprised of three (3) structures totaling ± 2,957 of buildings on ± 7,495 SF of land and was owned and operated by the Jones Animal Hospital, a veterinarian and pet hospital and has served the West Los Angeles and Santa Monica area since 1981. The land was made up of 3 parcels and gives way to unmatched visibility and excellent access to transit, including the 10 Freeway, Metro’s 17th Street / SMC (Santa Monica College) expo line station, and Pacific Coast Highway.
The Property sold to an owner-user who plans to continue to operate the site as a veterinarian business.
“The Sellers wished to sell to another DVM and we were thrilled to find a buyer who can continue the legacy Dr. Kenneth Jones started,” said T.C. Macker, CCIM.
The Property is part of California’s booming tech and media industries known as Silicon Beach, where established companies like Google, Facebook Activision, Snap Inc., and many others have key offices. The property is also surrounded by a high volume of entertainment companies and media studios.
T.C. Macker and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented the Seller. Amjed Manasrah of Global Realty Capital, Inc represented the Buyer.