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1840 Century Park East

Cain International Leases 35,000 SF Office Space At 1840 Century Park East For $55/ft
LEASEDOffice

Cain International Leases 35,000 SF Office Space At 1840 Century Park East For $55/ft

1840 Century Park East

$55

$55/SF

Building Size

35,000 SF

Asset Type

Office

Closing

Apr 25, 2025

AI

The property asset involved in this transaction is an office space located at 1840 Century Park East in Century City. It has a total size of 35,000 square feet, with an asking rent of $55 per square foot. The lease type is Full Service Gross, managed by the landlord, Interpublic Group of Companies.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $55/ft
  • Square Footage: 35,000
  • Address: 1840 Century Park East
  • Market: Century City
  • Landlord: Interpublic Group of Companies
  • Tenant: Cain International
  • Landlord's Rep: Steven Kolsky - Newmark
  • Tenant's Rep: Blake Mirkin & Kyle Widener - CBRE

This transaction involves a collaboration between several key representatives in the deal. Steven Kolsky from Newmark represents the landlord, while Blake Mirkin and Kyle Widener from CBRE represent the tenant. This coordination among professionals is essential to facilitate the leasing process for the involved parties.

Players

Blake Mirkin

CBRE

Broker

$37.2M

vol

11 deals

Broker
IC
Interpublic Group of CompaniesLandlord

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

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93