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4201 Wilshire BLVD, Los Ang...

Concept Arts Leases Office At 4201 Wilshire Blvd., Los Angeles, CA To Jameson Commercial
LEASEDOffice

Concept Arts Leases Office At 4201 Wilshire Blvd., Los Angeles, CA To Jameson Commercial

4201 Wilshire BLVD, Los Angeles, CA...

Building Size

31,500 SF

Asset Type

Office

Closing

Oct 19, 2017

AI

The leased property, located at 4201 Wilshire Boulevard in Los Angeles, CA, is an office asset comprising approximately 31,500 square feet. It is part of the historic Harbor Building, constructed in 1958 for Tidewater Oil Company.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant: Concept Arts
  • Landlord: Jameson Commercial
  • Square Feet: 31,500
  • Tenant's Rep: Marc Bretter
  • Market: Los Angeles

Concept Arts, a prominent advertising agency known for its work on film campaigns like "La La Land" and "Wonder Woman," signed a long-term lease for the office space. The agency will relocate its headquarters from a building on Selma Avenue to the new Harbor Building in the first quarter of 2018. Additionally, Jamison will build out the majority of the fifth floor for Concept Arts, creating a modern and efficient workspace tailored to the agency's needs.

Players

Marc Bretter

Broker

$84.7M

vol

6 deals

Broker

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