Puma Biotechnology's 10880 Wilshire Boulevard Office Subleased To Sunset West Legal Group In Los Angeles
10880 Wilshire Boulevard
$36
$36/SF
Building Size
13,916 SF
Asset Type
Office
Closing
Oct 15, 2023
AI
The property involved in this lease transaction is an office located at 10880 Wilshire Boulevard in Los Angeles. The asset has a total area of 13,916 square feet. The lease term is for a sublease period of 28 months. The landlord of the property is Puma Biotechnology, Inc., while the tenant is Sunset West Legal Group, PC. The asking rent for the property is $36 per square foot.
Summary of transaction details
- Property Type: Office
- Asking Rent: $36/ft.
- Square Footage: 13,916
- Lease Term: Sublease for 28 months
- Address: 10880 Wilshire Boulevard, Los Angeles
- Landlord: Puma Biotechnology, Inc.
- Tenant: Sunset West Legal Group, PC
The landlord's representative in this lease deal is Gary Weiss from LA Realty Partners, while Craig Miller from Wilshire Advisory Group Inc. represents the tenant. Both individuals played a key role in facilitating the transaction.
Players
San Diego 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
440638.89%
Cash-on-Cash
-125935.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93