Updated Dec 4, 2024
Hyundai Leases Retail Space At 3850 South Figueroa Street In Los Angeles
3850 South Figueroa Street
Building Size
21,000 SF
Asset Type
Mixed-use
Closing
Dec 12, 2023
About this deal
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.
On the Map
Mixed-use
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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