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Santa Monica Business Park - 2900 31st Street

Off-Market

2900 31st Street, Santa Monica, CA 90405

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  • Property Type Office - General Office
  • Property Size 55,624 Sqft
  • Lot Size 4.07 Acre
  • Parking Spaces Avail. 166
  • Parking Ratio 3.00/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 1979

Location

  • City Santa Monica, CA
  • Neighborhood Sunset Park
  • Zip Code 90405
  • Market Los Angeles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 27 Jul, 2018
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

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
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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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 $502,154
  • Market Value $43,203,436
  • Assessed Value $43,203,436

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

Frequently Asked Questions

What is the total square footage of Santa Monica Business Park - 2900 31st Street?

Santa Monica Business Park - 2900 31st Street totals 55,624 square feet.

When was this property built?

Santa Monica Business Park - 2900 31st Street was built in 1979.

When was Santa Monica Business Park - 2900 31st Street last sold?

Santa Monica Business Park - 2900 31st Street was last sold on 27 Jul, 2018.

What is the property tax for Santa Monica Business Park - 2900 31st Street?

The property tax for Santa Monica Business Park - 2900 31st Street in 2021-2022 was $502,154.

What is the market value for Santa Monica Business Park - 2900 31st Street?

The market value for Santa Monica Business Park - 2900 31st Street in 2021-2022 was $43,203,436.

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