Oracle Leases Office Space To Lionsgate In Santa Monica For $60/ft
LEASED
$66
+ 1
California
See Similar DealsOffice153,000 SF
Leased 01/15/2024
LEASED
Oracle Leases Office Space To Lionsgate In Santa Monica For $60/ft
2700 Colorado Avenue
See Similar DealsOffice153,000 SF
Leased 01/15/2024
+ 1
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$66
Total Square Footage:153,000 SF
Transaction Type:Lease
The property at 2700 Colorado Avenue in Santa Monica has been leased for an office space. The deal involved a total space of 153,000 square feet with an asking rent of $60 per square foot. The landlord, Oracle, secured the lease with the tenant, Lionsgate.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 2700 Colorado Avenue
- Market: Santa Monica
- Tenant: Lionsgate
- Tenant's Rep: Blake Mirkin & Kyle Widener (KyleWidener) - CBRE ; Jim Travers & Lawson Martin - Cresa Los Angeles
The lease transaction was facilitated by Blake Mirkin and Kyle Widener from CBRE, along with Jim Travers and Lawson Martin from Cresa Los Angeles, who acted as the tenant's representatives in the deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$11,576,225.33
Total Lease Value
$115,762,253.29
Net Landlord Cash Flow$11,576,225.33
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