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231 South La Brea Ave, Ingl...

Tribe Inc. Leases Mixed-Use Space At 231 S La Brea Ave In Inglewood, California
LEASEDMixed-use

Tribe Inc. Leases Mixed-Use Space At 231 S La Brea Ave In Inglewood, California

231 South La Brea Ave, Inglewood, CA, USA

Building Size

16,200 SF

Asset Type

Mixed-use

Closing

May 31, 2019

AI

231 S La Brea Ave, located in Inglewood, was recently involved in a lease transaction. The asset is a mixed-use property, offering various types of spaces to tenants.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Date: 06/01/2019
  • Market: Inglewood
  • Tenant: Tribe Inc.
  • Landlord: Lighthouse United Partners
  • Brokers: Mark Zakarian - Maguire Parsons
  • Asking Rent: $90
  • Square Footage: 16,200

Tribe Inc., a high-end co-working/co-living brand from Northern California, was the tenant involved in this lease transaction at 231 S La Brea Ave. The deal was facilitated by brokers Mark Zakarian and Maguire Parsons on behalf of the tenant and landlord, respectively.

Players

Aram Pogosian

Industry Partners

Broker

$5.8M

vol

3 deals

Broker

Inglewood Mixed-use Market Snapshot

Boundary boundary · Mixed-use · 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