Liberty Behavioral And Community Services Leases 29,650 SF Industrial Space From Crystal Promotions In Los Angeles
1820 South Grand Avenue
$1
$1/SF
Building Size
29,650 SF
Asset Type
Industrial
Closing
Jan 1, 2025
AI
The industrial property located at 1820 South Grand Avenue in Los Angeles encompasses a total square footage of 29,650. The asking rent for this space is set at $1.55 per square foot under a modified gross lease arrangement.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $45,907.50
- Landlord: Crystal Promotions, Inc.
- Tenant: Liberty Behavioral and Community Services
- Landlord's Representative: Justin Weiss & Lee Shapiro - Kennedy Wilson Brokerage
- Tenant's Representative: Laura Milshteyn - Douglas Elliman
Key representatives involved in this leasing agreement include Justin Weiss and Lee Shapiro, who represent the landlord, Crystal Promotions, Inc. Meanwhile, Laura Milshteyn is the representative for the tenant, Liberty Behavioral and Community Services, facilitating discussions and agreements for this lease transaction.
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
15863000.00%
Cash-on-Cash
-4533694.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93