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
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