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
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