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3816 Stineman Ct Long Beach...

Swing Set Productions Signs 10-Year Lease For Office Space In Long Beach
LEASEDOffice

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

Jeff Coburn

Lee & Associates

Broker

1 deal

Broker

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