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3130 Wilshire Boulevard

Provident Financial Management Renews 17000 SF Lease With The Swig Company In Santa Monica
LEASEDOffice

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

Deron White

CBRE

Broker

2 deals

Broker
Savills
SavillsBrokerage
CBRE
CBREBrokerage

Connor Kidd

The Swig Company

Landlord

$22M

vol

5 deals

Landlord

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