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3850 South Figueroa Street

Hyundai Leases Retail Space At 3850 South Figueroa Street In Los Angeles
LEASEDMixed-use

Hyundai Leases Retail Space At 3850 South Figueroa Street In Los Angeles

3850 South Figueroa Street

$1

$1/SF

Building Size

21,000 SF

Asset Type

Mixed-use

Closing

Dec 12, 2023

AI

The retail property located at 3850 South Figueroa Street in Los Angeles has been leased. The lease transaction involved a total square footage of 21,000. The tenant for the property is Hyundai. The lease term negotiated was a NNN Lease + Key Money. The property is conveniently situated across from The Coliseum.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 3850 South Figueroa Street, Los Angeles
  • Tenant: Hyundai
  • Lease Term: NNN Lease + Key Money Negotiated
  • Square Footage: 21,000
  • Location: Across The Coliseum

The lease transaction was facilitated by Jennifer Okhovat and Danny Hizami of Compass, who represented both the landlord, Lorraine Waldman, and the tenant, Hyundai.

Players

Jennifer Okhovat

Compass

Broker

$43.6M

vol

14 deals

Broker

Los Angeles 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

15863000.00%

Cash-on-Cash

-4533694.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93