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
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
3172.60%
Cash-on-Cash
-906.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93