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2848 Colorado Avenue

Team Liquid Leases Office Space At 2848 Colorado Avenue Santa Monica With Robert Blumenfield As Landlord
LEASEDOffice

Team Liquid Leases Office Space At 2848 Colorado Avenue Santa Monica With Robert Blumenfield As Landlord

2848 Colorado Avenue

$46

$46/SF

Building Size

12,085 SF

Asset Type

Office

Closing

Apr 22, 2025

AI

The property involved in this lease transaction is located at 2848 Colorado Avenue in Santa Monica, serving as an office asset. The asking rent is set at $3.85 per square foot per month, with a total space of 12,085 square feet. The lease type is categorized as a Modified Gross Lease.

Summary of transaction details:

This lease transaction was facilitated by key representatives from two companies, including Blake Mirkin, Charles Klingensmith, and Kyle Widener from CBRE representing Team Liquid, while Ian Stevenson from Kidder Mathews represented the landlord, Robert Blumenfield.

Players

Blake Mirkin

CBRE

Broker

$37.2M

vol

11 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

344847.83%

Cash-on-Cash

-98558.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93