An unknown buyer acquired Property at 3032 Wilshire in Santa Monica, CA from Strategic Realty Trust, Inc. for $16.5 million.
October 16, 2022
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An unknown buyer acquired Property at 3032 Wilshire in Santa Monica, CA from Strategic Realty Trust, Inc. (OTCPK:SGIC) for $16.5 million on October 11, 2022. The disposition of the Wilshire Joint Venture Property for $16.5 million in cash, before customary closing and transaction costs, resulting in net cash proceeds of approximately $2.2 million.
An unknown buyer completed the acquisition of Property at 3032 Wilshire in Santa Monica, CA from Strategic Realty Trust, Inc. (OTCPK:SGIC) on October 11, 2022.
Strategic Realty Trust, Inc. is a real estate investment trust (REIT). The Company invests in and manages a portfolio of income-producing retail properties located in the United States. The Companyâs business is conducted through Strategic Realty Operating Partnership, L.P. It owns substantially all of its assets and conducts its operations through its operating partnership, of which it is the sole general partner. Its property portfolio includes six retail properties, comprising an aggregate of approximately 27,000 square feet of multi-tenant, commercial retail space located in California. Its properties include 400 Grove Street, 8 Octavia Street, Fulton Shops, 450 Hayes, 388 Fulton and Silver Lake.
STRATEGIC REALTY TRUST, INC. 
