Curated News
By: NewsRamp Editorial Staff
May 17, 2025
Santa Monica Office Building Sold for $7M, Paving the Way for Apartment Development
TLDR
- Sale of 3205 Ocean Park Boulevard in Santa Monica for $7,000,000 presents investment opportunity in growing area.
- WESTMAC Commercial Brokerage facilitated sale of +/- 16,700 sq ft office building with plans for 100+ unit apartment building.
- Deal contributes to growth of Santa Monica community by addressing housing needs and enhancing vitality of neighborhood.
- WESTMAC Commercial Brokerage, founded in 1988, specializes in office, industrial, retail, and multi-family properties with client's best interest as standard.
Impact - Why it Matters
This news matters as it sheds light on the real estate market in Santa Monica and the increasing demand for housing in the area. The sale not only benefits the buyer and seller but also contributes to the growth and vitality of the community.
Summary
WESTMAC Commercial Brokerage Company facilitated the sale of a Santa Monica office building for $7,000,000 to a developer planning a 100+ unit apartment building. The sale highlights the growth and investment in the area, showcasing the need for more housing.
Source Statement
This curated news summary relied on this press release disributed by 24-7 Press Release. Read the source press release here, Santa Monica Office Building Sold for $7M, Paving the Way for Apartment Development
