Updated Oct 28, 2024
Hype & Vice Inc. Leases Industrial Space In Los Angeles For $18/ft. At 2526 S. Hill St
2526 South Hill Street, Los Angeles, California 90007, United States
Building Size
33,000 SF
Asset Type
Industrial
Closing
Jun 2, 2022
About this deal
AI
The industrial property at 2526 S. Hill St. in Los Angeles has been leased by Hype & Vice Inc. The lease transaction was facilitated by brokers Shanna Naim from Ensemble Investments and Jordan Asheghian from Marcus & Millichap. The landlord for this lease is Mahin Maghen.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 06/03/2022
- Market: Los Angeles
- Asking Rent: $18/ft.
- Square Footage: 33,000
Shanna Naim of Ensemble Investments and Jordan Asheghian of Marcus & Millichap played key roles in representing the parties involved in the lease transaction. This deal highlights the collaboration between these broker representatives and their commitment to finding suitable opportunities for their clients.
On the Map
Industrial
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Players
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