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1 World Trade CTR, Long Bea...

Corry Capital Advisors Leases 7945 Square Feet At 1 World Trade Center Long Beach
LEASED

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

Karen Kuznick

Durst Organization

Broker

2 deals

Broker
PY
Port Authority of New YorkLandlord

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