Updated Dec 2, 2024
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
About this deal
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.
On the Map
Industrial
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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