The Toy Association Signs 95000 Square Foot Lease At 101 Continental In El Segundo California
101 Continental Boulevard
Building Size
95,000 SF
Asset Type
Office
Closing
Jan 13, 2025
AI
The property asset involved in this transaction is an office space located at 101 Continental Boulevard in El Segundo, California. It features a total square footage of 95,000. This asset is positioned in a competitive market, showcasing renovated Class A office spaces, specifically highlighting a significant $40 million upgrade invested in 101 Continental.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 101 Continental Boulevard
- Market: El Segundo
- Asset Size: 95,000 SF
- Landlord: James O. Buckingham - TA Realty
- Tenant: Greg Ahearn - The Toy Association
- Landlord's Representatives: Matt Montgomery & Paul Marshall - Marshall Property & Development; Quint Carroll & Tom Sheets - CBRE
- Tenant's Representatives: Bill Bloodgood & John Ollen - Newmark
The Toy Association executed a lease for its West Coast showroom, creative workspace, and semi-annual convention headquarters at this location. This deal marks the largest office lease in El Segundo's South Bay submarket for 2024, emphasizing the strong demand for high-quality office spaces in the area.
Players
El Segundo 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