Hasbro Leases Office Space At 1041 North Formosa Avenue In West Hollywood For $71 Per Ft
1041 North Formosa Avenue
$71
$71/SF
Building Size
31,440 SF
Asset Type
Office
Closing
Apr 27, 2026
AI
The property asset involved in this transaction is located at 1041 North Formosa Avenue in West Hollywood. It is classified as office space, encompassing a total of 31,440 square feet. The landlord for this lease is The Lot at Formosa, and Hasbro has signed a lease for the space at an asking rent of $71 per square foot under a Full Service Gross lease type.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $71/ft
- Square Footage: 31,440
- Address: 1041 North Formosa Avenue
- Market: West Hollywood
- Landlord: The Lot at Formosa
- Tenant: Hasbro
- Landlord's Representatives: Nicole Mihalka - CBRE; Hayley English Blockley - JLL; Blake Eckert - CIM
Key individuals and companies involved in this lease transaction include landlord representatives Nicole Mihalka from CBRE, Hayley English Blockley from JLL, and Blake Eckert from CIM, who facilitated the agreement with tenant Hasbro.
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
223422.54%
Cash-on-Cash
-63854.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93