Partizan Entertainment Signs 12,500 Square Foot Office Lease At Rideback Ranch In Los Angeles
1660 Beverly Boulevard
Building Size
12,500 SF
Asset Type
Office
Closing
Jul 26, 2024
AI
The property involved in this transaction is an office space located at 1660-1670 Beverly Boulevard in Los Angeles. It encompasses a total area of 12,500 square feet and is situated in a market that caters to creative office users. The asset is part of the Rideback Ranch creative office campus located in Historic Filipinotown.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Lease Date: 07/26/2024
- Landlord: Rideback Ranch LLC & Rideback Ranch Funding Associates, LLC
- Tenant: Partizan Entertainment
- Brokers Involved: Cal Ross, Matthew Siegel & Nicole Mihalka - JLL
The deal for the lease was facilitated by JLL, with Nicole Mihalka and Cal Ross representing the landlord while Matt Siegel represented Partizan Entertainment. The lease is set to commence in July 2024.
Players
Los Angeles 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