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1840 Victory Boulevard Glen...

Comcast's 66,700 SF Glendale Office Leased To The Switch-Joseph Cohen
LEASEDOffice

Comcast's 66,700 SF Glendale Office Leased To The Switch-Joseph Cohen

1840 Victory Boulevard Glendale, California 91201, USA

Building Size

66,700 SF

Asset Type

Office

Closing

Jul 5, 2023

AI

Comcast has secured a sublease tenant for its renovated 66,700-square-foot office and studio property located at 1840 Victory Boulevard in Glendale. The property is situated in the Los Angeles County market. The sublease tenant, The Switch, is a production services company that was recently acquired by Tata Group.

Summary of transation details

  • Property Type: Office
  • Square Footage: 66,700 SF
  • Address: 1840 Victory Boulevard, Glendale
  • Market: Los Angeles County
  • Landlord: Comcast
  • Tenant: The Switch
  • Lease Type: Sublease

The Switch, being a production services company, will now occupy the renovated office and studio space at the Comcast-owned property in Glendale. This sublease agreement allows Comcast to offer additional office space for sublease nationwide.

Players

C
ComcastLandlord

Joseph Cohen

Tenant

$23.3M

vol

8 deals

Tenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93