Updated Oct 29, 2024
TubeScience Leases 104000 Square Feet At 655 S Santa Fe Ave Los Angeles From Park Family
655 S Santa Fe Ave, Los Angeles, CA...
Building Size
104,000 SF
Asset Type
Industrial
Closing
Apr 3, 2019
About this deal
AI
The property involved in this transaction is located at 655 S Santa Fe Ave, Los Angeles, CA. The asset encompasses a total of 104,000 square feet and is situated in the Los Angeles market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: TubeScience
- Landlord: Park family
- Tenant's Representative: Ian Ameche (Lee & Associates)
- Landlord's Representatives: Brandon Burns (Cushman & Wakefield), Brandon Gill (Cushman & Wakefield), Jae Yoo (Cushman & Wakefield)
- Current Occupant: Everest Trading Corp.
- New Location for Current Occupant: Vernon
Notably, TubeScience will utilize this location for its production and development teams, following the relocation of Everest Trading Corp. to a new location. Cushman & Wakefield represented the landlord, while Lee & Associates represented the tenant.
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