CRSSD Signs Long-Term Lease For 30,000 SF Headquarters In Culver City At $1.60 NNN
Building Size
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Asset Type
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Closing
Aug 10, 2026
About this deal
AI
The property asset involved in this transaction is a flex/industrial space located at 5711 Buckingham Parkway in Culver City. The total square footage of the lease is approximately 28,000 SF, with an asking rent of $1.60 NNN. This space will serve as the headquarters for CRSSD, an NBA media and culture company.
Summary of transaction details:
- Property Type: Flex / Industrial
- Transaction Amount: $1.60 NNN
- Lease Square Footage: 28,000
- Address: 5711 Buckingham Parkway
- Market: Culver City
- Tenant: Austin Mills - CRSSD
- Landlord's Representative: Adam Levin - Lee & Associates Los Angeles West
- Tenant's Representative: Adam Kanizo - Paloma Realty Partners
The lease marks a significant move for CRSSD, as it will act as their flagship hub, combining various functionalities such as basketball training, content production, recovery, events, and office spaces in one location. This transaction is facilitated by representatives from Lee & Associates Los Angeles West and Paloma Realty Partners.
Players
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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