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155 North Lake Avenue

Mark Shuster's Shuster Advisory Group LLC Leases 9,000 SF Office In Pasadena
LEASEDOffice

Mark Shuster's Shuster Advisory Group LLC Leases 9,000 SF Office In Pasadena

155 North Lake Avenue

Building Size

9,000 SF

Asset Type

Office

Closing

Mar 18, 2024

AI

The property at 155 North Lake Avenue in Pasadena, a 9,000-square-foot office space, was leased by the private wealth management firm Shuster Advisory Group LLC. The move was facilitated by Savills Inc. and marks the company's relocation to enhance collaboration in a Class A building known as NOLA 155.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Landlord: Christopher Peatross - Swift Real Estate Partners
  • Tenant: Mark Shuster - Shuster Advisory Group LLC
  • Landlord's Rep: Doug Marlow - CBRE
  • Tenant's Rep: Andrew Lustgarten & Mike Catalano - Savills
  • Lease Term: Long-term

The leasing deal at 155 North Lake Avenue in Pasadena involved key individuals such as Christopher Peatross representing Swift Real Estate Partners as the landlord, and Mark Shuster from Shuster Advisory Group LLC as the tenant. The tenant's representation was handled by Andrew Lustgarten and Mike Catalano of Savills, signifying a strategic real estate move for Shuster Advisory Group LLC to optimize their work environment for enhanced efficiency and collaboration.

Players

Douglas Marlow

CBRE

Broker

4 deals

Broker

Pasadena 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