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.
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