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

Buyer is real estate consultant MDC Realty Advisors

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

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

Adam Shekhter and the 1415 5th Street project

WS Communities boosts affordable housing plans in Santa Monica

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando