JOSS Realty Buys Silicon Beach Office Building for $23.7M

SANTA MONICA, CALIF. – JOSS Realty Partners has purchased a 23,531-square-foot boutique office property in downtown Santa Monica for $23.7 million. The Class A property is located at 1315 Lincoln Blvd. in an area known as Silicon Beach. The space is fully occupied by five tenants, including City National Bank, Chandler Chicco Agency, Centro Media, O’Gara Coach Company and Dethrone Basecamp. JOSS paid $1,004 per square foot for the building – one of the highest prices paid for a Los Angeles-area property.