Updated Oct 29, 2024
Nike Leases 4557 Square Feet Space At 8552 Melrose Ave West Hollywood Represented By Cushman & Wakefield
8552 Melrose Ave, West Hollywood, C...
Building Size
4,557 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
The property at 8552 Melrose Ave, West Hollywood is a leased space with a total area of 4,557 square feet. It is situated within the West Hollywood market, which is known for its vibrant retail and entertainment scene.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 8552 Melrose Ave, West Hollywood
- Market: West Hollywood
- Square Feet: 4557
- Landlord: Unknown
- Tenant: Nike
- Landlord's Rep: Kazuko Morgan, Carine Mamann - Cushman & Wakefield
The transaction involved Nike as the tenant, with representation from Kazuko Morgan and Carine Mamann of Cushman & Wakefield acting on behalf of the landlord. The landlord's identity remains undisclosed in this lease agreement.
On the Map
Industrial
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Players
West Hollywood 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