Santa Monica’s Lincoln Center West sells
for $30.5M

Buyer is real estate consultant MDC Realty Advisors

TRD LOS ANGELES /
Sep.September 05, 2017 03:00 PM
The property at 1315 Lincoln Boulevard (Madison Partners)

For a small office, it’s a huge price.

Real estate consultant MDC Realty Advisors has purchased Lincoln Center West, a 23,531-square-foot commercial building at 1315 Lincoln Boulevard in Santa Monica, for $30.5 million, The Real Deal has learned.

The seller was Joss Realty Partners, who raked in a whopping $1,296 per square foot from the sale. Joss Realty purchased the modern, creative office site for $23.7 million in April 2015, property records show.

The Class B office building claims 23,551 square feet of space and is walking distance from the tourist hotspot Third Street Promenade.

Madison Partners’ Bob Safai, Matt Case and Brad Schlaak represented the seller.


Related Articles

arrow_forward_ios
6156 Ramirez Canyon Road and 20 37th Place (Credit: Redfin)

This way to the beach: Homes next to ocean topped priciest sales

This way to the beach: Homes next to ocean topped priciest sales
Shops were looted in Santa Monica (Credit: Mario Tama/Getty Images)

Looters cleared out retailers while police clashed with protesters in Santa Monica and Long Beach

Looters cleared out retailers while police clashed with protesters in Santa Monica and Long Beach
First District Supervisor Hilda Solis (Credit: Rebecca Sapp/Getty Images)

LA County select reopening target date for restaurants and retailers

LA County select reopening target date for restaurants and retailers
Related California CEO William Witte and the project site (Credit: Google Maps)

Related California eyes latest project in Downtown Santa Monica

Related California eyes latest project in Downtown Santa Monica
Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

Garcetti orders a moratorium on commercial evictions in LA

Garcetti orders a moratorium on commercial evictions in LA
From left: Alan, Adam, and Alex Shekhter, with renderings of 501 Broadway and 601 Colorado (Credit: WS Communities and LinkedIn)

Shekhters’ WS Communities lands $157M loan to build 850 rental units in Santa Monica

Shekhters’ WS Communities lands $157M loan to build 850 rental units in Santa Monica
1314 7th Street, Santa Monica and Divco West CEO Stuart Shiff

Rockwood Capital pays $66M for Santa Monica phone building

Rockwood Capital pays $66M for Santa Monica phone building
LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...