Cabi Clothing Signs Lease For 28787 Square Feet At Kilroy Airport Way In Long Beach
3840 Kilroy Airport Way
Building Size
28,787 SF
Asset Type
Office
Closing
Oct 31, 2024
AI
The property asset involved in this transaction is an office space located at 3840 Kilroy Airport Way, which has a total area of 28,787 square feet. It is situated in the Long Beach market and represents a relocation opportunity for its tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 3840 Kilroy Airport Way
- Market: Long Beach
- Landlord: Christy McRoskey - Kilroy Realty
- Tenant: Katie Malone-Woods - cabi Clothing
- Landlord's Representative: Bill Bloodgood, John Ollen & Eric Adams - Newmark
- Tenant's Representative: Tyler Thurlow - L.A. Realty Partners
- Lease Type: Full Service Gross
cabi Clothing signed a lease with Kilroy Realty for its new corporate headquarters. The relocation emphasizes the significance of this office space within Long Beach's business hub and underscores Kilroy Realty's focus on modern office solutions.
Players
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