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.