World Surf League Acquires 16,324 SF Office Space In El Segundo With Savills As Brokers
2201 Rosecrans Avenue
Building Size
16,324 SF
Asset Type
Office
Closing
Dec 12, 2023
AI
The World Surf League (WSL) has completed a lease transaction for their headquarters in El Segundo. The office space, located at 2201 Rosecrans Avenue, spans 16,324 square feet and is positioned near the ocean, Los Angeles International Airport, and the growing sports hub in El Segundo. The move aligns with WSL's vision for their operations.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not provided
- Address: 2201 Rosecrans Avenue
- Market: El Segundo
- Square Footage: 16,324
The lease agreement was orchestrated by Savills on behalf of the World Surf League. Representing WSL in the deal were brokers Josh Gorin, Michael Shuken, and Shannon Woodcock from Savills. Savills successfully secured the 16,324-square-foot sublease at 2201 Rosecrans Avenue, allowing WSL to establish their headquarters in a prime location within El Segundo.
Players
El Segundo 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