1920 Colorado
1920 Colorado is a mixed-use office and industrial building with 50,000 square feet on a 2 acre lot. The premier location in Santa Monica, California provides excellent freeway access and close proximity to class-A corporate offices. Prior to closing, the seller was seeking to vacate this printing and distribution facility. Levy Affiliated mitigated the potential downside of a vacating single-tenant by negotiating with a new tenant prior to closing escrow. Additional investment in developing medical office space significantly increased the income. A testament to the property’s appeal and location, when the Los Angeles Times filed bankruptcy and left as a tenant in 2009, the building was fully leased within six months.

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