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1977 South Sepulveda Boulevard

Beverly Hills Luxury Residences Leases Industrial Space At 1977 South Sepulveda Boulevard For $32/ft
LEASEDIndustrial

Beverly Hills Luxury Residences Leases Industrial Space At 1977 South Sepulveda Boulevard For $32/ft

1977 South Sepulveda Boulevard

$32

$32/SF

Building Size

26,000 SF

Asset Type

Industrial

Closing

May 1, 2025

AI

The property asset involved in this transaction is an industrial space located at 1977 South Sepulveda Boulevard in Los Angeles. The lease has an asking rent of $32 per square foot for a total square footage of 26,000. The lease type is classified as a NNN lease.

Summary of transaction details:

This transaction involves key individuals from CBRE, with Brad Chelf, Phillip Sample, Chris Caras, Blake Mirkin, and Kyle Widener representing the interests of the landlord and tenant within the leasing process.

Players

Brad Chelf

CBRE

Broker

$59.5M

vol

4 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

495718.75%

Cash-on-Cash

-141677.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93