Contact Property

Pen Factory - West Building

Off-Market

2701 Olympic Blvd, Santa Monica, CA 90404

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Creative Office
  • Property Size 132,200 Sqft
  • Lot Size 7.14 Acre
  • Parking Spaces Avail. 661
  • Parking Ratio 5.00/ 1,000 SF
  • Property Tenancy Vacant
  • LEED Certified Gold
  • Building Class A
  • Year Built 2017

Location

  • City Santa Monica, CA
  • Neighborhood Mid-City Santa Monica
  • Zip Code 90404
  • Market Los Angeles

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

  • True Owner
  • Registered Owner

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Santa Monica

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Santa Monica Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $72.71
  • 2020 Office Vacancy Rate 11.55%
  • 2020 Office Completions (Sqft) 80,109
View more Santa Monica market trends

Tax

  • Property Tax in 2021-2022 $2,922,276
  • Market Value $251,421,814
  • Assessed Value $251,421,814

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Pen Factory - West Building?

Pen Factory - West Building totals 132,200 square feet.

When was this property built?

Pen Factory - West Building was built in 2017.

What is the property tax for Pen Factory - West Building?

The property tax for Pen Factory - West Building in 2021-2022 was $2,922,276.

What is the market value for Pen Factory - West Building?

The market value for Pen Factory - West Building in 2021-2022 was $251,421,814.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.