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Lotus West Properties Leases 2,000 SF Office Space On Montana Ave In Santa Monica

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LEASED
Arthur Peter

California

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Office2,000 SF
Leased 05/25/2022
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LEASED

Lotus West Properties Leases 2,000 SF Office Space On Montana Ave In Santa Monica

711 Montana Avenue, Santa Monica, California 90403, United States

See Similar Deals
Office2,000 SF
Leased 05/25/2022
Arthur Peter
Contact now

Summary

CALIFORNIA
Asset Type:Office
Total Square Footage:2,000 SF
Transaction Type:Lease

Lotus West Properties, represented by Ari Chazanas, has signed a lease agreement for an office space located at 711 Montana Ave. in Santa Monica. The landlord, Topa Equities, was represented by Matt Lavin from PAR Commercial Brokerage. The lease transaction was facilitated by Tim Dornan from Industry Partners. The office space spans across 2,000 square feet and the asking rent was set at $5 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 05/25/2022
  • Address: 711 Montana Ave.
  • Market: Santa Monica

Ari Chazanas, representing Lotus West Properties, successfully negotiated the lease agreement for the office space at 711 Montana Ave. in Santa Monica. Matt Lavin, on behalf of Topa Equities, acted as the landlord's representative. Additionally, Arthur Peter from PAR Commercial Brokerage and Tim Dornan from Industry Partners played instrumental roles as brokers in this transaction.

Players

Arthur Peter
2 deals$2.5M volume
BROKER

Tim Dornan
Industry Partners
1 deal
BROKER

LANDLORD

4 deals$12.1M volume
TENANT

4 deals$12.1M volume
TENANT

Details

LEASED
IMAGE: Matt Lavin, Ari Chazanas & Tim Dornan DATE: 05/25/2022 ADDRESS: 711 Montana Ave. MARKET: Santa Monica ASSET TYPE: Office LANDLORD: Topa Equities - Matt Lavin (@MLavin) TENANT: Lotus West Properties - Ari Chazanas (@AriChazanas) BROKERS: Arthur Peter - PAR Commercial Brokerage & Tim Dornan - Industry Partners (@IndustryPartners) ASKING RENT: $5/ft. ~ SF: 2,000

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Deal Type
Effective Rent (Annual)

$114,638.79

Total Lease Value

$1,146,387.93

Net Landlord Cash Flow$114,638.79