Provident Financial Management Renews 17000 SF Lease With The Swig Company In Santa Monica
3130 Wilshire Boulevard
Building Size
17,000 SF
Asset Type
Office
Closing
Aug 5, 2025
AI
The property asset involved in the transaction is an office building located at 3130 Wilshire Boulevard in Santa Monica. The total square footage of the asset is 17,000 SF. The leasing transaction is part of the market in Santa Monica, and the landlord is The Swig Company.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Landlord: Connor Kidd - The Swig Company
- Tenant: Provident Financial Management
- Landlord's Representative: Deron White - CBRE
- Tenant's Representative: Jeff Cowan - Savills
- Date: 08/05/2025
- Asset Address: 3130 Wilshire Boulevard
- Market: Santa Monica
- Asset Size: 17,000 SF
Provident Financial Management renewed its lease with The Swig Company, with the latter having acquired the property in 2022. The building has undergone major renovations and holds multiple sustainability and wellness certifications.
Players
Santa Monica 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