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1 World Trade Center, Long ...

Specialty's Café Leases 3500 Square Feet At 1 World Trade Center Long Beach From Walton Street Capital
LEASEDOffice

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

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.

Players

Kristen Bowman

Colliers

Broker

$308.8M

vol

9 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage
Walton Street Capital
Walton Street CapitalLender
Walton Street Capital
Walton Street CapitalLandlord

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