$21.8 Million Sub-Performing Office Loan | Santa… — Sale in Santa Monica, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Office
- Location: Santa Monica, CA
- Size: 114,426 SF
Photos
Description
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $21.8 million sub-performing office loan (the “Loan”). The Loan is secured by the leasehold deed of trust in a creative office campus located in Santa Monica, CA (the “Property”). As of September 2026, the Loan is sub-performing and has an unpaid principal balance of $21.8 million. The Loan is currently in cash management. Comprised of three single-story buildings totaling 104,051 rentable square feet on 5.22 acres, the Property is a creative office campus built in 1978 and renovated in 2012. As of September 2026, the Property is 84.0% occupied with a WALT of 3.2 years. Additionally, the Property is a leasehold interest pursuant to a ground lease (the “Lease”). The offering presents investors with the ability to acquire a sub-performing loan at a favorable basis, significantly below replacement cost.
Market Context
This office in Santa Monica, CA is listed for sale across 114,426 SF. Compare it against other office listings for sale in Santa Monica, CA — view the full market.
As of Q2 2026, the Greater Los Angeles office market showed average asking rents near $43.08/SF/yr. Source: multiple brokerage reports, Q2 2026.
Contact
- Chad Coluccio · 9493075491 · chad.coluccio@jll.com
Explore this market
Similar Office for Sale in Santa Monica, CA
- 1620-1650 Euclid — Contact for price · Santa Monica, CA
- 625 Arizona Ave — Contact for price · Santa Monica, CA
- 1556 17th Street — $6M · Santa Monica, CA
- 2101 Wilshire 2024 — Contact for price · Santa Monica, CA
- 2939 Nebraska Ave — $12.8M · Santa Monica, CA
- 2939 Nebraska Ave — Contact for price · Santa Monica, CA