Lincoln Place

Lincoln Place

Property

725 Arizona Ave.
Santa Monica CA
Class B Office Building
37,775 rsf / 4 Stories
Built 1990
Ownership: CIM Group

Services

  • Marketing & Leasing, office space
  • Advise on spec-suite build out

Lincoln Place


The Setting

Traditional office with rents of $3.65/rsf/month in Q2 2012.

Assignment

Positioning and lease up of 22% vacant traditional office space.

Strategy & Results

Advised new ownership on market potential prior to acquisition and strategy after close for lease up. Advised on spec build out of vacated suites to “creative” office with modified ceilings, concrete floors, and open plan. Brought building to 100% occupancy. Current rents on turn exceed $4.65/rsf/month.