SANTA MONICA, CA-Madison Partners has helped complete the sale of 1448 Lincoln Blvd in Santa Monica, CA.
Located between Santa Monica Boulevard and Broadway Avenue, the property consist of approximately 7,500 square foot retail building on approximately 15,000 square feet of land. The is situated in one of the most sought after markets in all of Southern California.
Mitch Stokes, of Madison Partners, represented the seller in this fully marketed transaction. The buyer, Lincolnway Partners, paid $5,350,000 for the property which represents a 3.9% cap rate. Currently occupied by Centinela Feed Pet Supplies, the property is leased for the next nine years on a triple net basis.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
