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1417 W Pico Blvd, Los Angel...

Venat Co. Leases Industrial Property At 1417 W Pico Blvd In Los Angeles
LEASEDIndustrial

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

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

Andy Hairabedian

The Agency

Broker

$24M

vol

7 deals

Broker

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