Updated Nov 28, 2024
Facebook Leases Playa Vista Office Space From TishmanSpeyer With Broker CushWake
12105 West Waterfront Drive, Playa Vista, Los Angeles, CA 90094, USA
Building Size
260,000 SF
Asset Type
Office
Closing
Dec 27, 2018
About this deal
AI
Facebook has signed a lease agreement for office space located at 12105 E Waterfront Drive in Playa Vista. The property, owned by Tishman Speyer, spans 260,000 square feet and is valued at $67.80 per square foot. The deal was facilitated by broker CushWake.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not Applicable
- Date: 12/28/2018
- Market: Playa Vista
The lease agreement at 12105 E Waterfront Drive was signed by Facebook, represented by broker CushWake, and the property's landlord, Tishman Speyer.
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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