2600-2800 Colorado Ave, Los Angeles, CA

2600-2800 Colorado Ave | Los Angeles, CA

Brickman purchased a Junior Mezzanine loan secured by equity in 2600-2800 Colorado Avenue located in Santa Monica, CA. The property was built in 1982, expanded in 1989, and extensively renovated in 1998. The building has over 970 parking spaces, outdoor dining areas, a fitness center, a daycare center, a screening room, and a recording studio. The firm purchased the note based on the strength of the submarket, the quality of the asset and an attractive basis. The Santa Monica submarket has high barriers to entry as a result of limited developable land and strict municipal regulations. It is one of the premier office submarkets within the Los Angeles metropolitan area.

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