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:
- Property Type: Office
- Transaction Amount: $3.85/ft per month
- Address: 2848 Colorado Avenue
- Market: Santa Monica
- Landlord: Robert Blumenfield
- Tenant: Team Liquid
- Tenant's Representative: Blake Mirkin, Charles Klingensmith & Kyle Widener - CBRE
- Landlord's Representative: Ian Stevenson - Kidder Mathews
- Square Footage: 12,085
- Lease Type: Modified Gross Lease
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
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