WESTMAC Commercial Brokerage Company has successfully arranged the sale of a two-story commercial property located at 1231 4th Street in Downtown Santa Monica for $3,044,250. The property, situated one block from the Third Street Promenade, spans approximately 6,270 square feet on 6,007 square feet of land.
The building, previously used as a yoga studio, features high ceilings, multiple office spaces, and rear parking. An owner-user purchased the property, signaling potential for new business development or transformation in the vibrant downtown area.
T.C. Macker, a principal at WESTMAC, highlighted the transaction's significance, noting the opportunity for the new owner to contribute to the neighborhood's dynamic landscape. The sale was facilitated by a team of brokers including T.C. Macker, Willa McNamarra Fields, Mike Rago, Woody Cook, and Colin Fields, with the buyer represented by Grant La Spada and David Toomey of Cushman & Wakefield.
The sale represents a strategic real estate transaction in Santa Monica's competitive commercial property market, reflecting ongoing investment and potential economic revitalization in the area's urban core.
