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1515 East 15th Street, Los ...

Omega Cinema Props Leases Industrial Space At 1515 E. 15th St In DTLA Central Industrial District
LEASEDIndustrial

Omega Cinema Props Leases Industrial Space At 1515 E. 15th St In DTLA Central Industrial District

1515 East 15th Street, Los Angeles, CA 90021, USA

Building Size

245,000 SF

Asset Type

Industrial

Closing

May 30, 2019

AI

The industrial property located at 1515 E. 15th St in DTLA Central Industrial District has been leased by Omega Cinema Props, a tenant. The property, owned by Rexford Industrial Realty, spans a total of 245,000 square feet. The lease was executed on 05/31/2019 with an asking rent of $0.81 per square foot, resulting in a total lease consideration of $27,101,220.32.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $27,101,220.32
  • Date: 05/31/2019
  • Address: 1515 E. 15th St
  • Market: DTLA Central Industrial District

The leasing deal for the industrial property involved Omega Cinema Props as the tenant. The negotiations were facilitated by brokers Chris McKenzie from McKenzie Commercial and Delphi Business Properties. The property is owned by Rexford Industrial Realty.

Players

Christopher Mckenzie

Lee & Associates

Broker

$24.5M

vol

5 deals

Broker
Rexford Industrial
Rexford IndustrialLandlord

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