Jeff Reinstein Of Premier Workspaces Signs 10-Year Lease For 12,500 Square Feet In Sherman Oaks
15260 Ventura Boulevard
Building Size
12,500 SF
Asset Type
Office
Closing
Jul 17, 2026
AI
The property asset involved in this transaction is located at 15260 Ventura Boulevard, Sherman Oaks, CA, consisting of an office space with a total square footage of 12,500. Premier Workspaces has signed a lease renewal and expansion for this asset, further establishing their presence in the market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Jeff Reinstein - Premier Workspaces
- Lease Terms: 10-year
- Market: Sherman Oaks, CA
This lease marks a significant commitment by Premier Workspaces to the San Fernando Valley, driven by the ongoing demand for serviced workspace in suburban office markets. The deal illustrates the growing trend of flexible office solutions in the area.
Players
Ventura 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