CRE Investors Bet on Santa Monica Retail Building Awaiting Upgrades

Tova Capital has teamed up with Shopton Capital to acquire a 7,500-square-foot, free-standing retail building in downtown Santa Monica for $5.5 million. Originally developed in 1981, it sits on a 15,000-square-foot corner lot at the signalized intersection of Wilshire and Lincoln Boulevards, which sees 50,000 drivers per day.