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333 S Grand Ave, Los Angele...

Mayer Brown Leases 55000 Square Feet At 333 S Grand Ave Los Angeles Represented By CBRE JLL
LEASEDOffice

Mayer Brown Leases 55000 Square Feet At 333 S Grand Ave Los Angeles Represented By CBRE JLL

333 S Grand Ave, Los Angeles, CA, 90...

Building Size

55,000 SF

Asset Type

Office

Closing

Dec 9, 2022

AI

The property involved in this transaction is located at 333 S Grand Ave, Los Angeles, CA. The asset encompasses 55,000 square feet and is situated within the Los Angeles market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Tenant: Mayer Brown
  • Landlord: Brookfield Properties
  • Tenant's Representatives: Clay Hammerstein-CBRE, Daniel "Danny" Freese-JLL
  • Landlord's Representatives: Christopher "Chris" Penrose Jr-CBRE, John Zanetos-CBRE

The leasing transaction was facilitated by representatives from both sides, highlighting the involvement of experienced professionals in the real estate industry. The tenant's interests were represented by Clay Hammerstein and Daniel "Danny" Freese, while the landlord was represented by Christopher "Chris" Penrose Jr and John Zanetos, all of whom are affiliated with CBRE. This underscores the collaboration between key industry players in completing the lease agreement.

Players

John Zanetos

CBRE

Broker

5 deals

Broker
Brookfield Properties
Brookfield PropertiesBrokerage

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