A small bank building in Santa Monica has sold for a huge price.

An affiliate of New York private real estate investor KLM Equities Inc. beat out about a dozen other all-cash offers for the 2,200 square-foot building at 2301 Wilshire Blvd. with its $6.25 million bid, according to downtown L.A. brokerage CBRE Group Inc., which represented the buyer and seller.

The price is equivalent to about $2,840 a square foot – one of the highest figures for any single-tenant bank branch ever reached in Los Angeles County, according to CBRE.

For comparison, the average price for a retail building in Santa Monica is about $1,400 a square foot, according to real estate information firm CoStar Group Inc. This building, occupied by Citibank, doubled that rate.

The seller, West L.A.’s Cypress Commercial Real Estate Solutions, paid about $1.85 million – or $933 a square foot – when it purchased the building in 2012, according to CoStar.

“This sale is symbolic of the high demand for quality retail space and credit tenancy in West Los Angeles,” said Alex Kozakov, who represented Cypress alongside Patrick Wade. “This building sits in one of the hottest neighborhoods in the county that has been seeing tremendous rent growth and appreciation in property prices.”