Swing Set Productions Signs 10-Year Lease For Office Space In Long Beach
3816 Stineman Ct Long Beach, CA 90808, USA
$39
$39/SF
Building Size
10,812 SF
Asset Type
Office
Closing
Jul 7, 2023
AI
A 10-year lease has been secured by Lee & Associates for Swing Set Productions, a creative production studio, in Long Beach, California. The new office space, located at 3816 Stineman Court in the Airway Office Park, spans 10,812 square feet. The lease terms for the office space were set at an asking rent of $39 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Amount: N/A
- Address: 3816 Stineman Court
- Market: Long Beach
- Asking Rent: $39/ft.
- Square Footage: 10,812
The landlord of the Airway Office Park, Airway Office Park LLC, facilitated the lease agreement with Swing Set Productions. Representing the landlord in the deal were Jeff Coburn and Shaun McCullough from Lee & Associates. Swing Set Productions was represented by Michael Shuken of Savills.
This new lease adds to the growing creative community in Long Beach, California, as Swing Set Productions joins other innovative companies in the area.
Players
Los Angeles 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
406743.59%
Cash-on-Cash
-116248.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93