Updated Dec 5, 2024
Specialty's Café Leases 3500 Square Feet At 1 World Trade Center Long Beach From Walton Street Capital
1 World Trade Center, Long Beach, CA...
Building Size
3,500 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The transaction involves a lease at 1 World Trade Center, located in Long Beach, CA, comprising a total area of 3,500 square feet. The property is situated in the Long Beach market and is operated under the ownership of Walton Street Capital.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1 World Trade Center, Long Beach, CA
- Market: Long Beach
- Landlord's Representatives: Kristen Bowman - Colliers International, Jason Fine - JLL
- Tenant: Specialty’s Café
The lease transaction features representatives from two distinct agencies: Kristen Bowman of Colliers International and Jason Fine of JLL represent the landlord. This involvement highlights the collaboration between these firms in facilitating the lease for Specialty’s Café.
On the Map
Office
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Players
Long Beach Office Market Snapshot
Boundary boundary · Office · 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