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3900 Kilroy Airport Way

Mangan Inc. Signs Lease For 37000 Square Feet At Aero Long Beach Represented By Savills
LEASEDOffice

Mangan Inc. Signs Lease For 37000 Square Feet At Aero Long Beach Represented By Savills

3900 Kilroy Airport Way

Building Size

37,000 SF

Asset Type

Office

Closing

Feb 26, 2025

AI

The asset involved in this transaction is an office space located at 3750-3900 Kilroy Airport Way in Long Beach, encompassing a total of 37,000 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 3750-3900 Kilroy Airport Way
  • Market: Long Beach
  • Landlord: Angela M. Aman - Kilroy
  • Tenant: Amin Solehjou - Mangan Inc
  • Landlord's Representative: Jason Fine & Monica Enes - JLL
  • Tenant's Representative: Bruce Schuman & Steve Pisarik - Savills
  • Move-in Date: November 2025
  • Notable Lease: A major lease at the 957,700-square-foot office campus

The transaction involved representatives from both sides, with Jason Fine and Monica Enes acting on behalf of the landlord, Kilroy. On the tenant side, Bruce Schuman and Steve Pisarik facilitated the deal for Mangan Inc., indicating a smooth negotiation process between the parties involved.

Players

Monica Enes

JLL

Broker

$125M

vol

2 deals

Broker

Angela M. Aman

Kilroy

Landlord

$894.3M

vol

18 deals

Landlord

Long Beach 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