Updated Oct 29, 2024
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
About this deal
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.
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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