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5/01/25
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Cypress Equity Investments (CEI), a national real estate developer, purchased a 15.8k sf life science property in Santa Monica for $11 mil ($696/sf). It was sold by HSJ Properties, LLC, a real estate family office.
The building sits on roughly 0.75 acres at 1752-1756 Cloverfield Blvd, between the 10 Fwy and Olympic Blvd. The property combines turnkey lab improvements with future redevelopment upside, and is positioned in one of Los Angeles’ most supply-constrained submarkets.
Built and owned by the same family since 1958, the property had never previously been offered for sale. The existing building occupies roughly half of the site, offering significant future development potential. It is currently leased to biotechnology company TAE Life Sciences, with the space fully built out for lab use.
Fred Aframian of Kidder Mathews represented the buyer. Charles DeSantis of Kidder Mathews represented the seller in the deal.
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