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12/22/16
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An 11.3k sf, boutique creative office building in Santa Monica was purchased for $10.25 mil ($907/sf) in a recent investment buy. The building, located at 1546 7th St, west of Lincoln Blvd and north of Colorado Ave, was designed by local architect David Gray and constructed to the highest standards.
The property features a large outdoor space, fountains, secured subterranean parking, and modern interior design. The buyer plans to occupy the property.
Ideally situated in Downtown Santa Monica, 1546 7th Street offers easy access to the Metro Expo Line terminus at 4th and Colorado. Local amenities include a high concentration of exceptional shops and renowned restaurants, all within walking distance of the property.
Mitchell Stokes with Madison Partners represented the buyer, CFL Properties Inc, in the transaction.
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