Room & Board Inc Leases 70223 Square Feet At 1390 Storm Pkwy Torrance CA
1390 Storm Pkwy, Torrance, CA, 90501
Building Size
70,223 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property asset is located at 1390 Storm Pkwy, Torrance, CA, 90501, within the Torrance market. The total square footage of the leased space is 70,223 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1390 Storm Pkwy, Torrance, CA, 90501
- Market: Torrance
- Landlord: Storm Properties, Inc
- Tenant: Room & Board, Inc
- Landlord's Representative: Matthew "Matt" Stringfellow, CORFAC International
Key individuals in the transaction include the landlord, Storm Properties, Inc, represented by Matthew "Matt" Stringfellow from CORFAC International, and the tenant, Room & Board, Inc, who will occupy the space following this lease agreement.
Players
Torrance 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