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1017 N Las Palmas Ave, Los ...

Lincoln Property Leases 65000 Square Feet At 1017 N Las Palmas Ave In Los Angeles
LEASEDIndustrial

Lincoln Property Leases 65000 Square Feet At 1017 N Las Palmas Ave In Los Angeles

1017 N Las Palmas Ave, Los Angeles...

Building Size

65,000 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

The lease transaction involves a property located at 1017 N Las Palmas Ave, Los Angeles, with a total area of 65,000 square feet. The transaction took place in the Los Angeles market and the landlord for the lease is Lincoln Property.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1017 N Las Palmas Ave, Los Angeles
  • Market: Los Angeles
  • Square Feet: 65,000
  • Landlord: Lincoln Property
  • Tenant's Representative: Matthew Miller - Cresa Los Angeles
  • Landlord's Representative: Hayley Blockley - Jones Lang LaSalle

This deal features key representatives including Matthew Miller, who represents the tenant, and Hayley Blockley, representing the landlord, ensuring that both parties are professionally advised throughout the lease process.

Players

Hayley English Blockley

JLL

Broker

6 deals

Broker
Lincoln Property Company
Lincoln Property CompanyBrokerage
Lincoln Property Company
Lincoln Property CompanyLandlord

Los Angeles Industrial Market Snapshot

Boundary boundary · Industrial · 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