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150 South Rodeo Drive

Jordan L. Kaplan Of Douglas Emmett Leases 16,000 SF Office To Industrious In Beverly Hills
LEASEDOffice

Jordan L. Kaplan Of Douglas Emmett Leases 16,000 SF Office To Industrious In Beverly Hills

150 South Rodeo Drive

Building Size

16,000 SF

Asset Type

Office

Closing

Apr 10, 2025

AI

The asset involved in this transaction is an office space located at 150 South Rodeo Drive in Beverly Hills, encompassing 16,000 square feet. The transaction falls within the competitive market of Beverly Hills, where various real estate dynamics are at play.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 150 South Rodeo Drive
  • Market: Beverly Hills
  • Landlord: Jordan L. Kaplan - Douglas Emmett
  • Tenant: Jamie Hodari, Justin Stewart & Liz Simon - Industrious

The deal features key individuals, including Jordan L. Kaplan representing the landlord Douglas Emmett and the tenant group including Jamie Hodari, Justin Stewart, and Liz Simon from Industrious. This marks the first location for Industrious in the Beverly Hills area, expanding their portfolio following a significant acquisition by CBRE, reflecting a unique business model in the flex office segment.

Players

Jordan L. Kaplan

Douglas Emmett

Landlord

$260M

vol

3 deals

Landlord

Jamie Hodari

Industrious

Tenant

11 deals

Tenant
I
IndustriousTenant

Beverly Hills 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