Cedars-Sinai Leases Medical Office At 8687 Melrose Ave, West Hollywood
LEASED
California
See Similar DealsMedical Office30,000 SF
LEASED
Cedars-Sinai Leases Medical Office At 8687 Melrose Ave, West Hollywood
8687 Melrose Ave, West Hollywood, C...
See Similar DealsMedical Office30,000 SF
Summary
CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$0
Total Square Footage:30,000 SF
Transaction Type:Lease
The medical office property located at 8687 Melrose Ave in West Hollywood, spanning 30,000 square feet, was leased in a transaction involving Cedars-Sinai as the tenant and Cohen Brothers Realty as the landlord. The tenant's representative for this deal was R. Todd Doney of CBRE.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not Applicable
- Address: 8687 Melrose Ave, West Hollywood, CA
- Market: West Hollywood
- Tenant's Rep: R. Todd Doney (CBRE)
- Tenant: Cedars-Sinai
- Landlord: Cohen Brothers Realty
- Square Feet: 30,000
R. Todd Doney from CBRE skillfully represented Cedars-Sinai in the lease of the medical office property on Melrose Avenue in West Hollywood. The collaboration between the tenant, Cedars-Sinai, and the landlord, Cohen Brothers Realty, underlines the significance of this transaction in the local real estate market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,719,581.90
Total Lease Value
$17,195,818.97
Net Landlord Cash Flow$1,719,581.90
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