1545 26th ST | SANTA MONICA | CA
March 25, 2013: Madison Partners is pleased to announce the sale of 1545 26th Street in Santa Monica, CA. The asset is a 14,573 SF boutique office building, ideal for an owner-user, was built in 1982. Upon sale of the project, it was vacant.
The buyer paid $7.25 million for the property, or $498 per square foot. Bob Safai, Matt Case & Joe King of Madison Partners represented the seller, 26th Street Associates, in this fully marketed transaction. Robert Hooks of Lincoln Property represented the buyer, 1545 26th Street LLC.