Morgan Stanley Provides $8.8M Acquisition Loan For Office Building On E Spring St Long Beach
2165 East Spring Street
$8,800,000
$390/SF
Building Size
22,515 SF
Asset Type
Office
Closing
Jun 14, 2022
AI
The office building located at 2165 E Spring St in Long Beach, Los Angeles has been involved in a recent loan transaction. The property is a 22,515 square foot office space.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,800,000
- Address: 2165 E Spring St, Long Beach, Los Angeles
- Market: Long Beach, Los Angeles
Morgan Stanleyprovided a loan amounting to $8,800,000 for the acquisition of the property. The loan type for this transaction was acquisition.
Charybdis, LLC is the landlord of the property. The brokers involved in this deal were Jason Roth and Andrey Mindirgasov of Newmark.
Players
Long Beach Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93