Irvine Company Leases 25,000 SF Office To Evoke Advisors At 2121 Avenue Of The Stars
2121 Avenue Of The Stars
$72
$72/SF
Building Size
25,000 SF
Asset Type
Office
Closing
May 19, 2025
AI
The property is located at 2121 Avenue of the Stars in the Los Angeles market. It is classified as an office asset with a leasing term of 120 months. The property spans 25,000 square feet, and the asking rent is set at $72 per square foot. This lease falls under the Full Service Gross type.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $72/ft
- Square Footage: 25,000
- Lease Term: 120 months
- Lease Type: Full Service Gross
- Landlord: Irvine Company
- Tenant: Evoke Advisors
- Landlord’s Representative: Rick Buckley - LA Realty Partners
- Tenant’s Representatives: Blake Mirkin & Kyle Widener - CBRE
The transaction involves key individuals who represent both the landlord and tenant. Rick Buckley from LA Realty Partners represents the landlord, Irvine Company, while the tenant, Evoke Advisors, is represented by Blake Mirkin and Kyle Widener from CBRE.
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
220319.44%
Cash-on-Cash
-62967.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93