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Lincoln Center West In Santa Monica Sells For $30.5M

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1315 Lincoln Blvd., LA
1315 Lincoln Blvd.

MDC Realty Advisors recently purchased Lincoln Center West in Santa Monica for $30.5M from Joss Realty Partners.

The deal adds up to a pretty penny: $1,296/SF.

Joss Realty bought the 23,531 SF, Class-B building at 1315 Lincoln Blvd. a couple of years ago for $23.7M, The Real Deal reports. Its proximity to the Third Street Promenade was another selling point.

Madison Partners President Bob Safai and Senior Executive Directors Matt Case and Brad Schlaak represented the seller.

MDC Realty Advisors also owns the Ralph's at Market Lofts at 645 West Ninth St. in DTLA.