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1200 E. 5th St

Eli Michaelson Leases Industrial Space From Brightstone Holdings LLC At 1200 E. 5th St
LEASEDIndustrial

Eli Michaelson Leases Industrial Space From Brightstone Holdings LLC At 1200 E. 5th St

1200 E. 5th St

$5,000

$5,000/SF

Building Size

1,268 SF

Asset Type

Industrial

Closing

Aug 5, 2024

AI

The property involved in this transaction is located at 1200 E. 5th St, within the industrial asset category in the Los Angeles market. The lease was finalized for a total square footage of 1,268.0, with a rate of $5,000.0 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: 5,000.0
  • Address: 1200 E. 5th St
  • Market: Los Angeles
  • Tenant: Eli Michaelson
  • Landlord: Brightstone Holdings LLC
  • Square Feet: 1,268.0

Eli Michaelson represents the tenant in this lease agreement, while Brightstone Holdings LLC is acting as the landlord. The transaction highlights the involvement of both parties in securing the lease for the specified industrial space.

Players

Fred Nabati

Trimax Realty & Loan

Broker

$108.8M

vol

61 deals

Broker
DG
DISTRICT REALTY GROUPBrokerage
BL
Brightstone Holdings LLCLandlord

Eli Michaelson

Tenant
Tenant

Los Angeles Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3172.60%

Cash-on-Cash

-906.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93