2825 SANTA MONICA BLVD | SANTA MONICA, CA
May 28, 2013: Madison Partners is pleased to announce the sale of 2825 Santa Monica Boulevard. Situated at the intersection of Santa Monica Boulevard and Yale Street, the asset is located within Santa Monica’s dynamic and highly coveted 1.4 million square foot medical office market. The Property’s central Santa Monica location is bolstered by its close proximity to the Westside’s premier medical facilities including: Saint John’s Health Center, Santa Monica UCLA Medical Center and Orthopaedic Hospital, Ronald Reagan UCLA Medical Center and the VA West Los Angeles Medical Center.
The project was 94% leased at close of sale. A partnership between Lincoln Property Company, Centennial Real Estate Company and Artemis Real Estate Partners purchased the property for $27,500,000 or $522 per square foot.
Bob Safai and Matt Case of Madison Partners represented Long Wharf Real Estate Partners, the seller in the disposition.