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655 S Santa Fe Ave, Los Ang...

TubeScience Leases 104000 Square Feet At 655 S Santa Fe Ave Los Angeles From Park Family
LEASEDIndustrial

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

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:

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.

Players

Brandon Gill

Cushman & Wakefield

Broker

$15.9M

vol

3 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93