Frank & Eileen Lease 37,453 Square Feet At 12101 West Bluff Creek Drive In Playa Vista
12101 West Bluff Creek Drive
Building Size
37,453 SF
Asset Type
Office
Closing
Jul 21, 2026
AI
The property asset involved in this transaction is an office space located at 12101 West Bluff Creek Drive in Playa Vista, CA, encompassing a total square footage of 37,453. The transaction indicates a lease agreement, which involves the landlord and tenant transitioning into a new rental arrangement within this specific market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Asset Address: 12101 West Bluff Creek Drive
- Market: Playa Vista, CA
- Landlord: Invesco & The Ratkovich Company
- Tenant: Frank & Eileen
- Landlord's Representative: Josh Wrobel, Cassie Trosclair, Gary Horwitz & Blake Searles - JLL
- Tenant's Representative: John Bertram, Hunter Bertram & Luke Troedson - Savills
This lease transaction marks the relocation of Frank & Eileen's headquarters from downtown Los Angeles to the Hercules Campus in Playa Vista. The representation of the tenant was handled by Savills, specifically by John Bertram, Hunter Bertram, and Luke Troedson, while the landlords, Invesco and The Ratkovich Company, were represented by Josh Wrobel, Cassie Trosclair, Gary Horwitz, and Blake Searles from JLL.
Players
Playa Vista 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