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1301 Colorado Avenue

Nuwi Colorado Group Leases 17,000 SF Office To Hammel Green And Abrahamson In Santa Monica
LEASEDOffice

Nuwi Colorado Group Leases 17,000 SF Office To Hammel Green And Abrahamson In Santa Monica

1301 Colorado Avenue

$75

$75/SF

Building Size

17,000 SF

Asset Type

Office

Closing

May 27, 2026

AI

The property asset involved in the transaction is an office space located at 1301 Colorado Avenue in the market of Santa Monica. The space encompasses 17,000 square feet and is leased under a NNN Lease at an asking rent of $75 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,275,000
  • Address: 1301 Colorado Avenue
  • Market: Santa Monica
  • Landlord: Nuwi Colorado Group
  • Tenant: Hammel, Green and Abrahamson, Inc.
  • Landlord's Representative: Keith Fielding - Lee & Associates
  • Tenant's Representatives: Blake Mirkin, Kyle Widener & John Lorence - CBRE

This deal showcases the collaboration between key representatives and firms in the transaction, with Keith Fielding representing the landlord, Nuwi Colorado Group, and Blake Mirkin, Kyle Widener, and John Lorence representing the tenant, Hammel, Green and Abrahamson, Inc. The arrangement highlights the professional engagement of multiple brokerage firms in facilitating the lease agreement.

Players

Keith Fielding

Lee & Associates

Broker

$127.2M

vol

10 deals

Broker

Santa Monica Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93