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
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