Corry Capital Advisors Leases 7945 Square Feet At 1 World Trade Center Long Beach
1 World Trade CTR, Long Beach, CA, 9...
Building Size
7,945 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 1 World Trade CTR, Long Beach, CA. It features a total area of 7,945 square feet within the Long Beach market. The landlord in this lease agreement is the Port Authority of New York.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1 World Trade CTR, Long Beach, CA
- Market: Long Beach
- Square Feet: 7,945
- Landlord's Representative: Karen Kuznick (Durst Organization)
- Tenant: Corry Capital Advisors
- Landlord: Port Authority of New York
The deal includes representatives from both the landlord and tenant side, with Karen Kuznick representing the landlord in this transaction while Corry Capital Advisors takes on the role of the tenant.
Players
Long Beach CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93