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3840 Kilroy Airport Way

Cabi Clothing Signs Lease For 28787 Square Feet At Kilroy Airport Way In Long Beach
LEASEDOffice

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

Bill Bloodgood

Brookfield Properties

Broker

$417M

vol

7 deals

Broker
L.A. Realty Partners
L.A. Realty PartnersBrokerage

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