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.
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