BizHaus Leases 13121 Square Feet At 2942 Century Pl Costa Mesa With SCM Enterprises As Landlord
2942 Century Pl, Costa Mesa, CA, 926...
Building Size
13,121 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 2942 Century Pl, Costa Mesa, CA, with a total square footage of 13,121. This asset falls within the Costa Mesa market and is associated with the landlord SCM Enterprises.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 2942 Century Pl, Costa Mesa, CA, 926...
- Market: Costa Mesa
- Landlord: SCM Enterprises
- Landlord's Representative: Matt Christensen (JLL)
- Tenant: BizHaus
- Square Feet: 13,121
The deal involves key representatives, specifically Matt Christensen from JLL, who represents the landlord SCM Enterprises in this lease transaction with the tenant BizHaus. This arrangement highlights the collaboration between the parties involved in the property leasing process.
Players
Costa Mesa 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