Tooley Interest has sold Whole Foods Santa Monica, a 29,064-square-foot, single-tenant retail building triple-net leased on a long-term basis to Whole Foods Market in the Los Angeles–area community of Santa Monica. The sales price was $54.25 million.
Deka Immobilien acquired the asset for its open-ended real estate fund, Deka ImmobilienNordamerika, as its second investment on the West Coast.
The building, which Tooley acquired in 2013 and significantly renovated, has been occupied by Whole Foods since 2017. The trophy property is located at 2021 Cloverfield Blvd. in an irreplaceable location within Santa Monica and at the epicenter of technology and media within Silicon Beach. The area has become the primary location for technology, advertising and media information (TAMI) industries in Southern California.
Additionally, Whole Foods Santa Monica is less than a half mile from the 10 Freeway. This strategic last-mile location allows the tenant to fulfill deliver
