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
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