Round 1 Delicious Signs Lease For 19300 SF Asian Dining Concept At 8497 West Sunset Boulevard
8497 West Sunset Boulevard
Building Size
19,300 SF
Asset Type
Mixed-use
Closing
Apr 7, 2025
AI
The property located at 8497 West Sunset Boulevard in West Hollywood is a mixed-use asset with a total square footage of 19,300. United El Segundo serves as the landlord for this location.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Landlord: United El Segundo
- Tenant: Masahiko Sugino - Round 1 Delicious
- Landlord's Representative: Aram Pogosian - Industry Partners; Elan Kermani - City Street Commercial
- Tenant's Representative: Greg Briest, Houman Mahboubi, Kenji Sakai & Marisa Renfro - CBRE
Round 1 Delicious has signed a lease for the property to launch Sora, an upscale Asian dining concept that will feature eight restaurants across two floors. The agreement was facilitated by broker representatives from CBRE for the tenant and City Street Commercial for the landlord, with the restaurant scheduled to open later this year.
Players
West Hollywood 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