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:
- 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.
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