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
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.
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