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
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