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
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