Dine Brands Leases 92000 Square Feet At 10 W Walnut St Pasadena With LPC West As Landlord
10 W Walnut St, Pasadena, CA, 91103
Building Size
92,000 SF
Asset Type
Office
Closing
Jun 23, 2022
AI
The property involved in this transaction is located at 10 W Walnut St, Pasadena, CA, 91103. It is situated in the Pasadena market and covers a total space of 92,000 square feet. The landlord for this transaction is LPC West.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 10 W Walnut St, Pasadena, CA, 91103
- Market: Pasadena
- Tenant: Dine Brands
- Landlord: LPC West
- Tenant's Representative: Jude Collins, Eric Olofson - Cushman & Wakefield
- Landlord's Representative: Juliana Sampson, Doug Marlow - CBRE
- Brokers: Kent Handleman, Douglas Brown - Lincoln Property Company, Eric Duncanson - Cushman & Wakefield
- Square Feet: 92,000
This transaction involved several key individuals and firms. The tenant was represented by Jude Collins and Eric Olofson from Cushman & Wakefield, while the landlord was represented by Juliana Sampson and Doug Marlow from CBRE. Additionally, the brokers involved in the lease were Kent Handleman and Douglas Brown from Lincoln Property Company, and Eric Duncanson from Cushman & Wakefield.
Players
Pasadena Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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