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Comcast's 66,700 SF Glendale Office Leased To The Switch-Joseph Cohen
LEASED
California
See Similar DealsOffice66,700 SF
Leased 07/05/2023
LEASED
Comcast's 66,700 SF Glendale Office Leased To The Switch-Joseph Cohen
1840 Victory Boulevard Glendale, California 91201, USA
See Similar DealsOffice66,700 SF
Leased 07/05/2023
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:66,700 SF
Transaction Type:Lease
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.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,823,203.75
Total Lease Value
$38,232,037.50
Net Landlord Cash Flow$3,823,203.75
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