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2120 Colorado Avenue

Updated Oct 23, 2026

Charlie McEachron Of Drawbridge Realty Leases 45,069 Square Feet To Lucian Grainge In Santa Monica
LEASEDOffice

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

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Players

Charlie McEachron

Drawbridge Realty Trust

Landlord

$77.9M

vol

4 deals

Landlord

Lucian Grainge

Universal Music Group

Tenant

1 deal

Tenant
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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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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