Updated Oct 29, 2024
CBRE, Tilt Coffee Bar & Multinational Law Firm Lease Office Space At 2000 Avenue Of The Stars In Century City
2000 Avenue of the Stars Los Angeles, California 90067, USA
$68
$68/SF
Building Size
865,000 SF
Asset Type
Office
Closing
Jun 15, 2023
About this deal
AI
2000 Avenue of the Stars in Century City has reached full occupancy with new leases signed by a multinational law firm, CBRE, and Tilt Coffee Bar. This office property demonstrates the strong appeal of Century City as a business district and the demand for highly-amenitized office spaces, despite reports of increasing office vacancies in other areas.
Summary of transaction details
- Property Type: Office
- Address: 2000 Avenue of the Stars
- Market: Century City
- Tenant: CBRE, Tilt Coffee Bar & Multinational Law Firm
- Broker: Patti Gilbert, Amanda Calof & Pat McRoskey - CBRE
- Asking Rent: $68.13/ft.
- Square Footage: 865,000
The multinational law firm, CBRE, and Tilt Coffee Bar were represented by Patti Gilbert, Amanda Calof & Pat McRoskey from CBRE in the lease transaction at 2000 Avenue of the Stars in Century City.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
233279.41%
Cash-on-Cash
-66671.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93