October 30, 2015
To learn more about what’s happening in the Los Angeles area, check out the upcoming Connect West Los Angeles Conference taking place Dec. 2, in Beverley Hills.
A modest-sized medical office building, located at Santa Monica Boulevard and Yale Street in Santa Monica, has traded for a big sum.
Stockdale Capital acquired 2825 Santa Monica Boulevard for $38.5 million, approximately $710 per square foot, in a deal brokered by Madison Partners. The building totals 54,246 square feet, and encompasses three stories.
Lincoln Property Company, Linwood Ventures and Artemis Real Estate Partners sold the 100-percent leased building. Madison’s Bob Safai, Matt Case, and Brad Schlaak brokered the transaction for the sellers.
The building is within Santa Monica’s dynamic and highly-coveted 1.5 million square foot medical office market.
Tags: 2825 Santa Monica Boulevard, acquisition, Artemis Real Estate Partners, Bob Safai, Brad Schlaak, connect west los angeles, Lincoln Property Co., Linwood Ventures, Matt Case, medical office, Santa Monica, Stockdale Capital, transactions