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101 Continental Boulevard

The Toy Association Signs 95000 Square Foot Lease At 101 Continental In El Segundo California
LEASEDOffice

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:

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

Bill Bloodgood

Brookfield Properties

Broker

$417M

vol

7 deals

Broker

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