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2121 Avenue of the Stars

Premier Workspaces Leases 14,500 SF Office Space At 2121 Avenue Of The Stars In Los Angeles
LEASEDOffice

Premier Workspaces Leases 14,500 SF Office Space At 2121 Avenue Of The Stars In Los Angeles

2121 Avenue of the Stars

$45

$45/SF

Building Size

14,500 SF

Asset Type

Office

Closing

Apr 21, 2023

AI

Premier Workspaces has secured a 10-year lease for a 14,500 square feet shared office space at 2121 Avenue of the Stars in Century City, Los Angeles. The office is located in a 34-story, Class A trophy building known as Fox Plaza, which became famous for its role as Nakatomi Plaza in Die Hard, and was also a former office of Ronald Reagan.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 2121 Avenue of the Stars
  • Market: Los Angeles

Premier Workspaces, represented by Gary Weiss from LA Realty Partners, has leased a 14,500 square feet shared office space at 2121 Avenue of the Stars in Century City, Los Angeles. The landlord, The Irvine Co., was represented by Rick Buckley from LA Realty Partners. The lease is for a duration of 10 years.

Players

Rick Buckley

LA Realty Partners

Broker

4 deals

Broker
PW
Premier WorkspacesTenant

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93