Updated Oct 29, 2024
Venat Co. Leases Industrial Property At 1417 W Pico Blvd In Los Angeles
1417 W Pico Blvd, Los Angeles, CA, USA
Building Size
6,148 SF
Asset Type
Industrial
Closing
Nov 30, 2020
About this deal
AI
The industrial property located at 1417 W Pico Blvd in Los Angeles, was recently leased by Venat Co. The lease transaction was facilitated by brokers Andy Hairabedian from Andy_Hairabedian and Sophia Kelley from Sophia.Kelley. The lease was executed on December 1, 2020.
Summary of transation details
- Property Type: Industrial
- Transaction Date: 12/01/2020
- Address: 1417 W Pico Blvd
- Market: Los Angeles
- Tenant: Venat Co.
- Landlord: Magnum Properties
The property, with a total area of 6,148 square feet, was leased at an asking rent of $15 per square foot. The lease agreement was brokered by Andy Hairabedian and Sophia Kelley, representing Venat Co. in the deal. Magnum Properties acted as the landlord in this transaction.
Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Deal FAQ
Browse California industrial leases on Traded.
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