Updated Nov 28, 2024
Showtime Networks Inc Leases 46920 Square Feet At 1041 N Formosa Ave West Hollywood
1041 N Formosa Ave, West Hollywood...
Building Size
46,920 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The lease involves a property located at 1041 N Formosa Ave in West Hollywood, with a total square footage of 46,920. The market for this transaction is West Hollywood.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Showtime Networks, Inc
- Landlord: CIM Group
- Tenant's Representative: Jonathan Serko - Cushman & Wakefield
- Landlord's Representatives: Carl Muhlstein, Hayley Blockley - JLL
This lease marks a collaboration between Showtime Networks, Inc and CIM Group, facilitated by their respective representatives. Jonathan Serko from Cushman & Wakefield represented the tenant, while Carl Muhlstein and Hayley Blockley from JLL represented the landlord.
On the Map
Office
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Players
West Hollywood Office Market Snapshot
Boundary boundary · Office · 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