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
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