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10880 Wilshire Boulevard

Puma Biotechnology's 10880 Wilshire Boulevard Office Subleased To Sunset West Legal Group In Los Angeles
LEASEDOffice

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

Craig Miller

Wilshire Advisory Group

Broker

$77M

vol

3 deals

Broker

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