Hagerty Garage & Social Leases Office Space In Culver City, CA
3962 Landmark Street
$47
$47/SF
Building Size
33,900 SF
Asset Type
Industrial
Closing
Oct 3, 2022
AI
Located at 3962 Landmark Street in Culver City, CA, this office space was recently leased. The tenant, Hagerty Garage + Social, will be occupying the premises. The lease transaction was facilitated by Liana Rivera from Quadra Real Estate + Advisory, representing the tenant, and Keith Fielding & Tibor Lody from Lee & Associates, representing the landlord.
Summary of Transaction Details
- Property Type: Office
- Asking Rent: $47 per square foot
- Size: 33,900 square feet
- Market: Culver City, CA
- Tenant: Hagerty Garage + Social
- Landlord's Representative: Keith Fielding & Tibor Lody - Lee & Associates
- Tenant's Representative: Liana Rivera - Quadra Real Estate + Advisory
Hagerty Garage + Social specializes in providing an unparalleled automotive experience for enthusiasts. With locations in Van Nuys, Miami, and now in Culver City, they offer engagement opportunities, community-wide events, and create unique multi-format media content. For more information, visit garageandsocial.com.
Players
Culver City 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
337510.64%
Cash-on-Cash
-96461.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93