Updated Oct 23, 2026
Charlie McEachron Of Drawbridge Realty Leases 45,069 Square Feet To Lucian Grainge In Santa Monica
2120 Colorado Avenue
Building Size
45,069 SF
Asset Type
Office
Closing
Oct 22, 2026
About this deal
AI
The asset involved in the transaction is an office property located at 2120 Colorado Avenue in Santa Monica, CA, with a total square footage of 45,069. The property is situated in a market where the office availability rate reached 30.7% in the third quarter of 2026.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2120 Colorado Avenue
- Market: Santa Monica, CA
- Landlord: Charlie McEachron - Drawbridge Realty
- Tenant: Lucian Grainge - Universal Music Group
- New Lease Commitment: Approximately 96,000 square feet including a separate lease at 2100 Colorado Avenue for 51,095 square feet
The key individuals involved in this transaction include Charlie McEachron representing Drawbridge Realty as the landlord and Lucian Grainge representing Universal Music Group as the tenant. This transaction marks a renewed and expanded commitment by Universal Music Group in the Santa Monica office market.
On the Map
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93