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
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