facebook

traded

+ Submit
Home

/

Deals

/

California

/

Office

/

Lease

/

1041 N Formosa Ave, West Ho...

Showtime Networks Inc Leases 46920 Square Feet At 1041 N Formosa Ave West Hollywood
LEASEDOffice

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

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:

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.

Players

Carl Muhlstein

Muhlstein CRE

Broker

$50M

vol

4 deals

Broker
CIM Group
CIM GroupLandlord

West Hollywood 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