The asset involved in the transaction is a 25,000 square foot industrial warehouse located at 2001 West 60th Street in the Los Angeles market. The asking rent for the property is $1 per square foot. The lease agreement spans a 5-year term and includes two options to extend for an additional 5 years. The lease is structured as a NNN Lease.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1/ft
• Address: 2001 West 60th Street
• Market: Los Angeles
• Square Footage: 25,000
• Lease Term: 5-Year with Two (2) 5-Year Options to Extend
• Lease Type: NNN Lease
• Landlord: Stuart Elster
• Tenant: Toni Kilicoglu
• Brokers: Elijah Suval & Daniel Hirth - The Hirth Group - Keller Williams

Elijah Suval and Daniel Hirth of The Hirth Group represented the landlord in this lease transaction. Despite the challenges posed by high industrial vacancy rates in Los Angeles, they have demonstrated expertise in leasing medium-sized warehouses throughout Los Angeles County, aided by strong relationships with both tenants and landlords in the industrial real estate sector.