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
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