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1840 Century Park East

California State Teachers' Retirement System Leases Office At 1840 Century Park East To Cain International
LEASEDOffice

California State Teachers' Retirement System Leases Office At 1840 Century Park East To Cain International

1840 Century Park East

$72

$72/SF

Building Size

36,548 SF

Asset Type

Office

Closing

May 27, 2026

AI

The lease transaction pertains to an office asset located at 1840 Century Park East in Los Angeles. The property encompasses 36,548 square feet and has an asking rent of $72 per square foot under a Full Service Gross lease structure.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $72/ft
  • Square Footage: 36,548
  • Address: 1840 Century Park East
  • Market: Los Angeles
  • Landlord: California State Teachers' Retirement System
  • Tenant: Cain International
  • Landlord's Representative: Bryan Dunne - JLL
  • Tenant's Representatives: Blake Mirkin & Kyle Widener - CBRE

The parties involved in the transaction include the California State Teachers' Retirement System acting as the landlord and Cain International as the tenant. Bryan Dunne represents the landlord through JLL, while the tenant is represented by Blake Mirkin and Kyle Widener from CBRE, ensuring a comprehensive representation of interests in the lease agreement.

Players

Blake Mirkin

CBRE

Broker

$37.2M

vol

11 deals

Broker
Cain International
Cain InternationalTenant

Los Angeles 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

220319.44%

Cash-on-Cash

-62967.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93